Online Resources Advances

April 21, 2005, 1:00 a.m. EDT 1 Min Read

CHANTILLY, Va. - (04/21/05) -- Internet services provider OnlineResources Corp. reported that revenues surged 55% for its fiscalfirst quarter to $15.1 million. That enabled the online banking andbill payment services provider to report a five-fold increase innet income to $2.4 million, or 11 cents a share, compared to thesame period last year. The first quarter was marked by the additionof 33 new credit union and bank clients, making a total of 740customers in the company's distribution channel.

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