NIC Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported total revenues of $86,725,000 compared to $83,177,000 a year ago. Operating income before income taxes was $20,640,000 compared to $21,109,000 a year ago. Net income was $15,508,000 or $0.23 per basic and diluted share compared to $13,985,000 or $0.21 per basic and diluted share a year ago. Net cash provided by operating activities was $9,218,000 compared to $4,936,000 a year ago. Purchases of property and equipment were $873,000 compared to $929,000 a year ago. Capitalized software development costs was $1,640,000 compared to $875,000 a year ago.

The company provided effective tax rate guidance for the full year 2018. For the year, the company expects effective tax rate to be closer to 24% for the remainder of 2018.