CheckFree Earnings Surge

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ATLANTA -- Electronic bill payment giant CheckFree Corp. reported that net income more than doubled in its fiscal fourth quarter ended June 30 to $29.4 million, or 31 cents a share, fueled by strong growth in the company's Software and Investment Services divisions. Fourth quarter revenues grew by 12% to $224.9 million. For the fiscal year, CheckFree reported a 17% rise in revenues to $879.4 million, and an almost tripling in net income to $127.2 million, or $1.40 a share.

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