ATLANTA – S1 Corp., the credit union and bank outsourcer, said Friday that third quarter earnings plummeted by 85%, to $5.1 million, or eight cents a share. Third quarter revenue growth was flat, at $51.3 million. Third quarter expenses include the purchase of the company’s previously leased headquarters in Norcross, Ga., for $8 million; the repurchase of $20 million worth of stock; and stock-based compensation costs of $2.9 million. The parent of S1 Enterprise and Postilion reported a 76% drop in net income for the first three quarters, to $13.1 million, and a 7% increase in revenues, to $143.1 million.
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