Epiq profits from bankruptcy boom - Kansas City Business Journal:

callahamirykaan1884.blogspot.com
In a release after the markert closedon Tuesday, the Kansas Kan., company (Nasdaq: EPIQ) reported earnings of $4 or 10 cents a share, for the quarterr that ended Dec. 31. This is a 57 percengt increasefrom $2.6 million, or 7 cents a share, from the prior year. Revenue for the quarter was $63.e million, up 43 percent from $44.2 millionm the prior year. For all of 2008, the companu reported earningsof $13.8 million, or 36 cents a double the previous year’se profit of $6.9 million, or 21 cents a Revenue for the year was $236.1q million, up 35 percent from $174.34 million in 2007. Epiq develops softwarse used in bankruptcies and otherlegapl proceedings.
Operating revenue for the company’ bankruptcy segment rose 44 percent in the fourthu quarter compared with theprior year. During the company said in the release, its bankruptchy engagements increased more than 200 percenftfrom 2007. The company was retainerd for claims administration services for the Chapter 11 filingbof , the larges bankruptcy in U.S. history, and for the relates matter of the Securities Investor Protection Act proceedings involvinb LehmanBrothers Inc. and the transfet of customer assetsto Barclays. The company rankz No.
25 on the Kansas City BusinesxsJournal ’s list of area public