Bottomline's bottom line improves


Bottomline Technologies, a Portsmouth-based financial and payroll software company, posted earnings of $1.1 million, or 4 cents a share, in its fourth quarter ending June 30.The company reported a loss of $3.6 million in the same quarter a year earlier.According to an earnings report released last Thursday, earnings report, the main reason for the change over was a 19 percent increase in revenues, to $41.5 million, for the quarter. Some $11.9 million were subscriptions and transactions, which the company has been moving toward -- a 54 percent jump.Not including $2.3 million in equity compensation to top executives and expenses related to amortization of intangible assets, the company’s "core income" would have been $6.76 million.The last quarter brings the company profits up to $4 million for the fiscal year, or 15 cents a share, compared to a net loss of $12.3 million in fiscal 2009. Revenues for the year were up by $20 million to $158 million. -- BOB SANDERS/NEW HAMPSHIRE BUSINESS REVIEW
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