CheckFree Reports Higher Earnings

ATLANTA – Electronic billing provider CheckFree Corp. reported yesterday that net income for its fiscal second quarter rose by 4% to $35.3 million, or 39 cents a share, fueled by a strong 11% growth in second quarter revenues. Revenues for the quarter were $237.2 million, compared to $213.8 million for the same quarter last year. For the first six months of its fiscal year CheckFree reported 9% growth in revenues, to $465.8 million, and an 11% increase in net income to $66.5 million, or 75 cents a share, compared to the first half last year.