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Short take: iNet reports earnings

iNet, a software applications developer for both intranets and the Internet, has announced a 13.2 percent decrease in second-quarter profits over the previous year, to $89,061. The company's revenues for the quarter climbed to $450,351, up from $406,060 a year ago. Company officials attributed the earnings decline to higher costs associated with generating revenues.

Dawn Kawamoto Former Staff writer, CNET News
Dawn Kawamoto covered enterprise security and financial news relating to technology for CNET News.
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, a software applications developer for both intranets and the Internet, has announced a 13.2 percent decrease in second-quarter profits over the previous year, to $89,061. The company's revenues for the quarter climbed to $450,351, up from $406,060 a year ago. Company officials attributed the earnings decline to higher costs associated with generating revenues.