Corillian Swings To The Red

Published July 01, 2006, 1:00 a.m. EDT

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Updated August 27, 2020, 2:10 a.m. EDT

1 Min Read

PORTLAND, Ore. - (07/28/06) Internet services providerCorillian Corp. reported Thursday it had a $1.5 million, or threecents a share, in the second quarter, compared to a profit of $2.1million, or five cents a share, for the same period last year, asits cost of revenues almost doubled over the past year. Thecompany, which acquired InteliData Technologies Corp. last year,said revenues in the second quarter were $14.6 million, up 20% fromlast years second quarter. Second quarter highlights includecontracts with nine more financial institutions for thecompanys multifactor authentication solution and two newpayment warehouse deals.

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