S1 Corp. Ekes Out A Profit
ATLANTA - (07/30/04) S1 Corp., provider ofelectronic services and systems for financial institutions, said itcontinues to struggle, though it reported a slight profit for thesecond quarter. The company, the parent of Edify, reported netincome of $600,000, or a penny a share, for the second quarter,compared to a net of $400,000 for the same period last year. Butrevenues continued to slump, with second quarter sales falling 12%to $60.9 million, and first-half revenues also falling 12% to $118million. For the first six months of the year S1 reported netincome of $1.1 million, or two cents a share, compared to a loss of$35.7 million, or 52 cents a share, for the first half lastyear.