F.Y.I. doubles income
F.Y.I. (Dallas, Nasdaq: FYII, http://www.fyii.com
) announces record financial results for Q1 '97. Revenue of $32.1 million represents a 99% increase from $16.1 million in Q1 '96. The document management company saw its net income grow 112% from $1 million to $2.1 million in Q1 '97. David Lowenstein, CFO of F.Y.I., comments: "F.Y.I.'s strong financial performance reflects both the company's consistent internal growth and the significant impact of the company's acquisition program."