AP NEWS

NIC: 4Q Earnings Snapshot

January 29, 2020 GMT

OLATHE, Kan. (AP) _ NIC Inc. (EGOV) on Wednesday reported fourth-quarter net income of $10 million.

On a per-share basis, the Olathe, Kansas-based company said it had profit of 15 cents.

The developer of government online services, websites and mobile applications posted revenue of $87.1 million in the period.

For the year, the company reported profit of $50.4 million, or 75 cents per share. Revenue was reported as $354.2 million.

NIC expects full-year earnings to be 76 cents to 81 cents per share, with revenue in the range of $380.5 million to $391 million.

NIC shares have climbed slightly since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $22.37, a climb of 59% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EGOV at https://www.zacks.com/ap/EGOV