Earnings Surge At S1 Corp

Register now

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.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER