Acquisitions Continue To DriveFiserv
BROOKFIELD, Wis. - (10/22/04) -- Fiserv Inc., a company built throughacquisition, said corporate purchases continued to drive itsperformance on the 20th anniversary of its founding. The company,formed in 1984, said revenues climbed 22% for the third quarter to$958.1 million, and net income rose by 15% to $92.4 million, or 47cents a share, compared to the same period last year. Third quarterearnings were fueled by the acquisitions of Results InternationalInc. a provider of outsourcing for the insurance industry, and ofPharmacy Fulfillment Inc., a provider of mail-order prescriptionservices. In addition, the company announced Tuesday it hasacquired CheckAGAIN LLC, which converts paper and imaged checksthat have been returned for insufficient funds into electronictransactions. Through the first three quarters Fiserv reported a29% rise in revenues to $2.8 billion, and 20 surge in net income to$280.2 million, or $1.42 a share.