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Cryptologic Sees Profit Jump

TORONTO, Ontario – As reported by Netimperative: "Cryptologic, which develops software for internet gaming, saw net profit jump 75% in the third quarter boosted by strong international growth.

"The company reported a net profit of $2.3m, up from $1.3m in the third quarter last year, on revenue that grew 37% to $10.9m.

"Cryptologic is focused on expanding its international customer base, and said that licencees' revenue from international markets is now about 55% of total revenue for the year to date, up from 40% in 2002…"

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