February 23, 2011 / 12:29 PM / 6 years ago

UPDATE 1-MKS Q3 profit rises on higher licensing revenue

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Feb 23 (Reuters) - Canadian software and services provider MKS Inc reported a higher third-quarter profit, helped by a 25 percent increase in licensing revenue.

Net income for the quarter was $2.0 million, or 19 cents a share, compared with $1.1 million, or 11 cents a share, last year.

Total revenue at the company, whose customers include Lockheed Martin Corp , Canon and HSBC Holdings Plc , rose 17 percent to $18 million.

License revenue increased to $6.2 million, from $5 million a year ago. (Reporting by Amruta Sabnis in Bangalore; Editing by Jarshad Kakkrakandy)

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