Financials Erode AtCorillian

Published April 28, 2005, 1:00 a.m. EDT

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Updated August 27, 2020, 2:30 a.m. EDT

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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.

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