Earnings Surge At S1 Corp
ATLANTA - (03/07/05) -- Internet services provider S1 Corp.said fourth quarter net income increased more than six-times to$11.2 million, or 15 cents a share, compared to the same period in2003, based on a 9% rise in revenues to $65.2 million. As a result,fiscal year earnings climbed to $15.6 million, or 21 cents a share,compared to a loss of $38.2 million, or 55 cents a share, for 2003.Fiscal year revenues declined though 3% to $241 million. The majorcause was a a 24% fall in software licenses revenue to $49.7million. During the fourth quarter S1 completed its acquisition ofMosaic Software and the sale of its Davidge business.