Profits Rise At CheckFree
ATLANTA - (08/10/05) -- E-payments giant CheckFree Corp.said net income for its fiscal fourth quarter ended June 31 rose 5%to $11.9 million, or 13 cents a share. Fourth-quarter earnings werefueled by a 27% rise in revenues to $203 million, compared to thesame period last year. As a result, CheckFree reported $757.8million in revenues for fiscal 2005, up 25% from the previous year,and a four-four rise in net income for the year to $46.8 million,or 50 cents a share. For fiscal 2005, CheckFree processed 905million transactions compared to 583 million transactions in theprevious fiscal year, representing 55 percent annual growth, whichincludes a full year of walk-in-payments, a business the companyacquired last year.