Asset Sale Drive CertegyHigher

July 26, 2005, 1:00 a.m. EDT 1 Min Read

ALPHARETTA, Ga. - (07/26/05) -- Card processor Certegy Inc. saidsecond quarter earnings doubled to $47.5 million, or 40 cents ashare, because of a $27.3 million after-tax gain from the sale ofits merchant-acquiring business. Revenues grew 8% to $276 millionfor the quarter; while revenues for card services rose 13.2% andfor check services by 1.1%. For the first six months of the yearrevenues grew 8% to $538.5 million, while net income surged 7% to$70.7 million, or $1.12 a share.

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