S1 Corp. Posts Third QuarterLoss

Register now

ATLANTA - (11/07/05) -- S1 Corp., a provider of front-officeservices for credit unions and banks, reported a third quarter lossof $7.5 million, or 11 cents a share, last week. Third quarterrevenues declined 6% from the same period last year, to $57.9million. For the first three quarters of the year, S1 posted a lossof $4.5 million, or six cents a share, compared to a profit of $4.3million, or six cents a share, for the first nine months last year.Revenues for the first three quarters rose 6% to $182.3million.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER