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Letter to the Editor
Monday September 14
Solera Holdings Posts 4Q Profit
Solera Holdings Inc., which provides software and services for the auto insurance claims industry, has posted a fiscal fourth quarter profit, as revenue gains in the company's automotive recycling unit offset declines in other areas.The company earned $11.8 million, or 17 cents per share, compared with a loss of $21.6 million, or 34 cents per share, a year ago.
Revenue fell slightly to $144.1 million from $145.5 million in the fiscal 2008 fourth quarter.
Revenue from automotive recycling and other customers was $20.5 million for the fourth quarter, a 34 percent increase from a year earlier.
For the full fiscal year, Solera's profit climbed to $57.8 million, or 85 cents per share, compared with $598,000, or a penny per share, in fiscal 2008.
Revenue rose to $557.7 million, from $539.9 million in the prior fiscal year.
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