Income triples at Skillsoft

SkillSoft PLC, a provider of electronic education products, said today that fiscal second-quarter income nearly tripled after the company added the results of an acquired unit to its books.

Net income in the quarter ended July 31 rose to $12.4 million, or 11 cents per share, from $4.8 million, or 5 cents per share, last year.

The latest year includes acquisition related charges of $8.5 million and amortization expenses of $5.5 million, among other one-time items that cut into the bottom line.

Revenue at the Nashua, NH-based company rose 28 percent to $71.5 million from $55.7 million last year, boosted by the company's acquisition of NETg, a provider of continuing corporate education and training services, earlier this year. (AP)