Earnings Flat At DigitalInsight
CALABASAS, Calif. - (07/26/06) -- Digital Insight Corp. said Tuesdaythat revenues for its second quarter rose 18% to $61.6 million, butnet income for the period was $6.3 million, or 18 cents a share,virtually the same as last year's second quarter. The company saidits tax rate for the second quarter, 41.6%, was higher than forlast year's second quarter, 36.8%, due to the expiration of theresearch and development tax credit for federal income taxes in2006, and other factors. Second quarter expenses included about $3million in stock-based compensation recorded under FAS 123, and $1million in amortization of intangible assets for acquisitions. Forthe first six months of the year, DI reported a 15% rise inrevenues, to $119.5 million, but flat earnings growth at $12.6million, or 35 cents a share.