(Canadian Press DataFile Via Acquire Media NewsEdge) KELOWNA, B.C. _ Business software company QHR Technologies Inc.'s (TSXV:QHR) second-quarter profits soared as revenue more than doubled, the company reported Thursday.
QHR said it earned $212,614 or a penny a share in the quarter ended June 30 versus $11,032 or nil in the same 2008 period.
Revenue more than doubled to $3.2 million from $1.5 million last year, a figure described in a company news release as the second-highest since QHR's inception in 1988.
"This encouraging result was primarily due to the success of the Enterprise Management Software division in increasing workforce and financial software sales but also due to the continued growth of the customer base of the EMR division as well," said president and chief executive Al Hildebrandt.
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QHR operates the The Enterprise Management Software division, formerly the Human Resources division, which consists of integrated payroll, staff scheduling and human resource software, and in customized financial management software.
The company said it's goal is to achieve $10 million in revenue for the year, having already generated $6.7 million in sales in the first two quarters.
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