S1 Reports Losses In Face OfRestructuring

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ATLANTA - (03/03/06) – S1 Corp. said a restructuringcosts of $15 million pushed it into the red for the fiscal 2005 tothe tune of $1.1 million, or two cents a share. Net income for thefourth quarter, when S1 took a $10.8 million restructuring charge,was just $444,000, or a penny a share. Fourth quarter revenuesdeclined 19% to $46 million, as S1 sold off its Edify unit.Revenues for the full year were down sightly to $204.1 million,from $206.4 million for 2004.

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