Rainbow Makes 99 Cents a Share

Rainbow Technologies Inc., an Irvine software protection company, reported profit of $5.6 million, or 99 cents a share, for 1994, down from $6 million, or $1.06 a share, for 1993. Revenue increased to $38.5 million from $35.1 million. Fourth-quarter profit totaled $1.7 million, or 31 cents a share, 31% higher than the $1.3 million, or 23 cents a share, recorded for the 1993 fourth quarter. Revenue rose to $11.2 million from $8.6 million.