One of the nation's top compliance software companies felt growing pains in the second quarter.

Portland, Ore.-based CFI ProServices lost nearly $4.1 million last quarter, thanks mainly to an $8 million, one-time accounting charge associated with several recent acquisitions.

In April, CFI bought five companies - OnLine Financial Communications Systems, Coin Banking Systems, Input Creations, Halcyon Group, and Pathways Software. The deals boosted revenue to a record $15.4 million, a 76% jump from last year.

Barry Randle, an analyst at Dain Bosworth Inc., Minneapolis, said the quarter was "definitely a positive one" despite the loss. Before factoring in the $8 million charge, he said, the company performed better than expected, with net income nearly doubling, to $1.2 million.

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