Incomnet Income Jumps 140% in First Quarter

Incomnet Inc. posted a record $1.01-million income in the first quarter, up 140% from $418,000 the year before.

Revenues for the Woodland Hills-based company rose to $31.2 million for the quarter that ended March 31, up 29% from $24.4 million a year earlier.

On May 13, Incomnet purchased California Interactive Computing Inc., a Valencia-based software company, for $1.8 million.