July 19, 2012 / 8:21 PM / 5 years ago

Acacia Research quarterly profit rises

July 19 (Reuters) - Acacia Research Corp's second-quarter profit tripled as sales from technology licensing and enforcement programs rose.

Net income rose to $6.3 million, or 13 cents per share, from $ 2.1 million, or 5 cents a share, a year earlier.

Revenue rose 27 percent to $50.5 million.

Shares of the company, which acquires and licenses patent rights to various technologies, closed at $39.75 on Thursday on the Nasdaq.

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