Troy Group Inc.

The Santa Ana maker of payment systems products posted net income of $2.3 million, or 21 cents a share, for its fiscal fourth quarter ended Nov. 30, compared with pro-forma earnings of $78,000, or loss, of 4 cents a share, for the same period in 1998 when the company went public. Quarterly revenue rose to $17.8 million from $8 million. For the year, Troy Group earned $5.8 million, or 64 cents a share, compared with pro-forma earnings of $4.4 million, or 31 cents a share, the previous year. Annual revenue grew to $58.6 million from $35.8 million.