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Revenue up, net income down at Convio

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Convio, a software firm in Austin, Tex., that provides constituent-engagement solutions for nonprofits, reported higher revenue and lower net income for the third quarter ended Sept. 30 compared to the same period a year earlier.

Revenue grew to $21 million from nearly $17.9 million, an 18 percent increase the represents the highest growth rate since the company sold stock to the public for the first time in April 2010, and marked the third straight quarter of accelerating revenue growth rates, Convio says.

Net income for the quarter fell to $1.1 million, or six cents a share, from $1.5 million, or 8 cents a share, in the same period last year.

Convio says its clients raised $292 million in online donations in the third quarter, up 16 percent from the same period last year.

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