ATLANTA – S1 Corp. said earnings rose 15% for the first quarter, pushing earnings up 75%, to $5.2 million, or nine cents a share.
First quarter revenue was $54.7 million, up from $47.6 million for the same period last year.
The first quarter gain was driven by the company’s Postilion unit, acquired last year. Postilion accounted for $4.1 million of operating income, compared to $1.9 million for the company’s Enterprise unit.
“We posted another strong quarter of year-over-year growth in revenue and earnings and continue to see our sales pipeline grow, domestically and internationally, across both segments of our business,” Johann Dreyer, CEO of S1, said in a prepared statement. “While we remain sensitive to the macroeconomic concerns that exist in the marketplace, we have not seen a slowdown in our business to date and are raising our full-year guidance. We now expect 2008 revenue of $220 to $226 million and Adjusted EBITDA of $41.5 to $43.5 million.”
