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NIC Inc.'s Revenue and Profits Continue to Move in Opposite Directions

TheMotleyFool

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NIC Inc.'s Revenue and Profits Continue to Move in Opposite Directions

NIC (NASDAQ: EGOV), a provider of digital services to state and local governments, reported its third-quarter results on Wednesday, Nov. 1. While transaction growth continues to drive the company's top line modestly higher, management continues to make investments in the business that are causing margins and profits to wane.

Let's put the company's third-quarter results under the microscope.

Image source: Getty Images.

Source: Fool.com