IRVINE, Calif., Feb. 12, 2019 /PRNewswire/ -- Infinite Software Corporation( OTCPink: IFSC) a global Software and Services Provider, has announced today that it has released its 4th Quarter Results.
Infinite Software Corporation has released its 4th Quarter, 2018 results. The company's revenues in the 4th quarter of 2018 have increased to $472,313.70 from $73,000 in the previous quarter and net income increased to $135,920.54 from $28.00. Infinite Software has also produced improved cash flow. The company generated $74,436.52 in positive cash balances against a negative cash balance in the 3rd quarter of $ -7,887.88.
"Infinite Software began marketing its software products and generating revenue in the 3rd quarter and is in the process of building its client base using its proprietary technology. We have begun to see the results of these activities in the numbers we are releasing today which represent the 4th quarter of 2018," said Raquela Kaplan, Marketing Director, Infinite Software Corporation.
To learn more about Infinite Software Corporation , please visit www.infinitesoftware.com
Safe Harbor Statement
This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as Infinite or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe Infinite's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
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SOURCE Infinite Software Corporation