Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

NIC Inc.'s Profits Fall Despite Posting Record Revenue

TheMotleyFool

0 0

NIC Inc.'s Profits Fall Despite Posting Record Revenue

NIC (NASDAQ: EGOV), a leading provider of e-services for governments, reported its second-quarter results on Wednesday, Aug. 2. Sales rose to record levels thanks to volume gains in the company's transaction businesses, but higher spending levels caused the company's margins and profits to dip.

Let's take a closer look at the company's second-quarter results to get a better sense of what happened during the period.

Image source: Getty Images.

Source: Fool.com