F.Y.I. posts gains in revenue, net income

F.Y.I. (Dallas, Nasdaq: FYII) announces Q3 '97 financial results. Revenue of $38.6 million is up 49% increase from Q3 '96. A record net income of $2.5 million represents a 42% increase from Q3 '96, after restatements in that quarter for acquisition-related costs. Service revenue accounted for 94% of total revenue. During the quarter F.Y.I. acquired Major Legal Services, a litigation-support business based in San Francisco, and Quality Copy, QCSinet and affiliates (QCS), a Miami-based group of imaging and information management service companies serving the healthcare industry. F.Y.I. also completed relocation of its document and data conversion activities from Rosedale, MD to Upper Marlboro, MD.