Vancouver sales and marketing technology provider Versatile Systems Inc. (TSX-V:VV) reported a 19% increase in quarterly revenue for the fourth quarter ending June 30.
According to the company, revenue rose to US$18.2 million from US$15.3 million in 2006's fourth quarter due mainly to higher sales and controlled administrative, marketing and research spending.
Versatile reported strong repeat business from such key clients as Compcast, Motorola, Tyco Electronics and Cadbury Schweppes.
For the year, company revenue rose 3.8% to US$62.2 million from US$59.9 million for fiscal 2006.
Versatile's share price range during the past week: between $0.35 and $0.39; 52-week high: $1.15; 52-week low: $0.32.