adijas
6 years ago
news out 135k net income in Q4
IRVINE, Calif., Feb. 12, 2019 /PRNewswire/ -- Infinite Software Corporation( OTCPink: IFSC) a global Software and Services Provider, has announced today that it has released its 4th Quarter Results.
Infinite Software Corporation has released its 4th Quarter, 2018 results. The company's revenues in the 4th quarter of 2018 have increased to $472,313.70 from $73,000 in the previous quarter and net income increased to $135,920.54 from $28.00. Infinite Software has also produced improved cash flow. The company generated $74,436.52 in positive cash balances against a negative cash balance in the 3rd quarter of $ -7,887.88.
"Infinite Software began marketing its software products and generating revenue in the 3rd quarter and is in the process of building its client base using its proprietary technology. We have begun to see the results of these activities in the numbers we are releasing today which represent the 4th quarter of 2018," said Raquela Kaplan, Marketing Director, Infinite Software Corporation.
To learn more about Infinite Software Corporation , please visit www.infinitesoftware.com
adijas
6 years ago
news
Infinite Software Wins IBM i (AS/400) Migration Contract with Oil and Gas CompanyPress Release | 01/07/2019
Infinite is Awarded IBM i (AS/400) Migratino Contract with Leading South American Oil and Gas Compay
JANUARY 7, 2019-IRVINE, CALIFORNIA, USA. Infinite Software Corporation (OTCPink: IFSC) a global software and service provider, has announced today that it has been awarded a contract to migrate AS/400 applications for one of the world's largest oil and gas producers.
Infinite Software Corporation has been awarded a contract to migrate RPG-based AS/400 applications to Linux and the Oracle database. The company has been operating a large data center of IBM iSeries (AS/400) LPARs. These systems operate on a very proprietary database that does not allow the data to be easily accessed by other applications in use by the company or its partners and affiliates. Most of those other applications operate under the Oracle database.
The Infinite toolset and services will migrate both the applications and data to Linux and Oracle, respectively. Since the data will be migrated to Oracle and new data produced from the system will be written to Oracle, the other applications currently running Oracle will have immediate and real- time acess to the inforrmation produced by ALL the applications in use by the client. By migrating the applications to LInux and Oracle, the client will realize a dramatic cost-savings, ease of support going forward using open systems and much more functionality using the Oracle database in the future.
"We are delighted to add another oil and gas client to our growing list of global relationships", said Raquela Kaplan, Buenos Aires-based Marketing Director, Infinite Software Corporation.
To learn more about migrating AS/400 applications to Linux/Oracle, please visit www.infinitesoftware.com
ALERTS100%to10000%GAIN
6 years ago
IFSC~.45,~WILL RUN CRAZY Infinite Software
CS | Common Stock
Authorized Shares 100,000,000
As of 07/20/2018
Shares Outstanding * 9,639,392
As of * 07/20/2018
Public Float 474,968
As of 07/20/2018
Shareholders of Record 459
As of 07/20/2018
Beneficial Shareholders 1
As of 07/20/2018
https://backend.otcmarkets.com/otcapi/company/financial-report/198158/content