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Local software developer Optika Inc. Wednesday posted its first quarterly profit in two years, completing a financial turnaround that began in early 2001.

t's the second Colorado Springsbased public technology company during the past year to return to profitability a milestone that can mean life or death for hightech firms in today's tough economic climate.

And Optika's positive fourthquarter financial results, which come on the heels of betterthanexpected earnings from several other hightech companies, may further bolster some analysts' opinions the technology market has bottomed out.

Founded in 1988, Optika develops software that allows companies to use the Internet to handle accounting discrepancies and transactions.

In its fourthquarter 2001, ended Dec. 31, Optika recorded earnings of $244,000, or 3 cents a share, compared with net loss of $3.6 million, or a loss of 50 cents a share, for the same period in 2000.

Revenue in the fourth quarter hit $4.5 million, a 25 percent spike from $3.6 million for the yearago period.