TMSSequoia posts over 50% revenue growth
TMSSequoia (Stillwater, OK, OTC: TMSS) reports Q2 '98 revenue of $1,997,161, a 36% increase over Q2 '97 revenue. A net income of $164,447 compares with a Q2 '97 net income of $169,568. Licensing and royalties revenue, which comprised 64% of total revenue, rose 38% over Q2 '97 results. For the first half of 1998, this revenue is up 55% over the first half of 1997. Intranet-based products comprised 22% of total Q2 '98 licensing and royalties revenue. TMSSequoia CEO Art Crotzer credits sales of TMSSequoia's ViewDirector Prizm intranet imaging plug-in, and FormFix forms processing toolkit with the revenue growth.