PDA’s Profit Up by 30% to $3.5 Million
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PDA Engineering, the Costa Mesa mechanical engineering software company, posted a profit of $3.5 million, or 72 cents a share, for its fiscal year ended June 30, up 30% from earnings of $2.7 million, or 58 cents a share, for the previous year. Revenue rose 6% to $38.2 million from $36 million. For the fourth quarter, net income totaled $1.6 million, or 33 cents a share, on revenue of $11 million. That compared to earnings of $1 million, or 21 cents a share, on revenue of $9.3 million for the same period a year earlier.
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