Micware's sales rose 3.4%, and gross profit climbed 19.5% as more work came from higher-value software projects. Operating profit grew only 0.5% because of a one-time share-pay cost and added research spending, but the stronger gross profit supports a favorable reading.
More of Micware's sales came from higher-value software projects, helping it keep more from each sale. The benefit was limited at the operating-profit level: a one-time share-pay cost and added research spending left profit almost unchanged.
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