Barra Reports Turnaround In Fourth Fiscal Quarter; Profit Jump Led By Cuts
PRODUCTS & VENDORS
Barra Inc.'s revenues were up 16 percent for the fiscal year ending March 31, to $51.8 million, while net income grew just six percent, totaling $4 million. However, in the fourth quarter, the vendor's recent trend of lagging profits turned around: net income grew by 27 percent, to $1.2 million, while revenues increased by 20 percent, to $13.8 million.
In its earnings report, Barra said this was the "fourth consecutive quarter of record revenues." It was also the first quarter in many in which
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