S1 Reports Second QuarterEarnings

August 05, 2005, 1:00 a.m. EDT 1 Min Read

ATLANTA - (08/05/05) -- S1 Corp., a provider of back-officetechnology to more than 6,000 financial institutions, reportedsecond quarter net income of $2.3 million Thursday, or three centsa share. Second-quarter earnings release comes just two weeks afterthe company fired its CEO Jaime Ellertson, and brought back companyco-founder and chairman James Chip Mahan as CEO. S1 said secondquarter revenues rose 5% from the same period last year to $62million, and revenues for the first six months climbed 8% to $124.5million. For the first six months of the year S1 reported $3million, or four cents a share, in net income, up from $1 million,or three cents a share, for the first half last year.

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