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Tech Industry

Short Take: Wiz reports 124 percent revenue increase

Wiz Technology expects to report $8.3 million in revenues for the fiscal year ending July 31, an increase of 124 percent from $3.7 million last year. Despite its decision to take charges in the fourth quarter of fiscal 1996 in connection with the acquisitions of Q&A Software and marketing rights to an intranet technology, the company expects to report a profit for the year. The company lost $562,711, or 7 cents per share, in fiscal 1995.

Wiz Technology expects to report $8.3 million in revenues for the fiscal year ending July 31, an increase of 124 percent from $3.7 million last year. Despite its decision to take charges in the fourth quarter of fiscal 1996 in connection with the acquisitions of Q&A Software and marketing rights to an intranet technology, the company expects to report a profit for the year. The company lost $562,711, or 7 cents per share, in fiscal 1995.