Open Solutions Has Strong FirstQuarter

May 03, 2006, 1:00 a.m. EDT 1 Min Read

GLASTONBURY, Ct. - (05/03/06) Credit union outsourcer OpenSolutions Inc. reported a 57% surge in first quarter earningsTuesday to $4.7 million, or 21 cents a share, based on strong salesgrowth. The company reported a 77% rise in revenues to $66.7million for the period, compared to the same period last year.First quarter highlights included: new contracts valued at $37.3million, compared to $22.4 million in the first quarter of theprior year; completion of the acquisition of the Bisys InformationServices Group; and enhancement of the companys Maxxarinteractive voice response telephony application with the additionof LumenVox's speech recognition technology.

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