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Article Excerpt
SofTech, Inc. (OTCBB: SOFT), a proven provider of Product Lifecycle Management (PLM) solutions, announced financial results for Fiscal Year 2009. Revenue was approximately $9.5 million for fiscal year 2009, as compared to $10.1 million for fiscal year 2008.
Despite the decline in revenue, the Company's profitability improved substantially, with net income increasing by approximately $1.6 million, from a loss of $306,000 ($.03 per share) in fiscal year 2008, to net income of approximately $1.3 million ($.11 per share) in fiscal year 2009.
Net cash flows from operating activities also improved considerably during fiscal year 2009, increasing approximately...
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