PORTLAND, Ore. - (04/28/05) -- Corillian Corp., maker of theVoyager suite of Internet banking services, said net income fell bymore than half for its first quarter to just $654,000, and twocents a share, while revenues declined by 4% to $11.2 million.Revenues and net income for the quarter were negatively impacted byabout $500,000 by recent notification after the end of the quarterthat a launch date for the company's biggest project has slipped afew months. The first quarter was highlighted by the signing ofCitigroup to the company's Fraud Detection System.
Financials Erode AtCorillian
April 28, 2005, 1:00 a.m. EDT 1 Min Read
