TRX announced slightly higher revenues in the fourth quarter of 2010 versus a year earlier and net income of $796,000

, compared with a loss of $846,000 in the 2009 fourth quarter. Transaction processing revenues were flat while revenues for data services grew 9 percent. "Our objective is to grow our client base by remaining focused on shorter cycle times in product development and project delivery," according to a prepared statement by president and CEO Shane Hammond. "We are particularly encouraged by the growth of our data intelligence business in the fourth quarter and, based on the backlog, seeing continued growth in this segment in 2011."