Beaverton, OR--January 29, 1997--OrCAD (Beaverton, OR) reported that demand for its Windows-based design software continued to drive an increase in revenue and earnings in the fourth quarter, and record results for the year.
Revenue for 1996 was $20.9 million, a 22 percent increase over $17.2 million for 1995, on a pro forma basis. On the same basis, compared with 1995, net income was $4.2 million, a 198 percent increase over $1.4 million, and earnings per share increased to $0.63 from $0.30.
Revenue for the fourth quarter of 1996 was $5.4 million as compared with $4.6 million for fourth quarter 1995, on a pro forma basis. On the same basis, compared with fourth quarter 1995, net income increased to $1.2 million from $570,000 and earnings per share increased to $0.17 from $0.12.
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