Tech Industry

Short Take: Quarterdeck posts profit

Quarterdeck said it has returned to profitability by posting net income for its first quarter of $316,000, or 1 cent per share, versus a profit of $20,000 in the same period last year. Revenues for quarter slumped, however, to $20.6 million, compared to $24.4 million one year ago. Earlier this month the company announced a divestiture plan, and said it would lay off 115 employees.

Quarterdeck said it has returned to profitability by posting net income for its first quarter of $316,000, or 1 cent per share, versus a profit of $20,000 in the same period last year. Revenues for quarter slumped, however, to $20.6 million, compared to $24.4 million one year ago. Earlier this month the company announced a divestiture plan, and said it would lay off 115 employees.