ATLANTA - CheckFree Corp. reported it lost $5.5 million in its fiscal first quarter, compared with a loss of $2.4 million the year earlier.
The bigger loss reflected substantial investments, including ones made in Bluegill Technologies, the electronic billing company that CheckFree bought in May, said David Fontaine, director of public relations.
Revenues rose 31% from last year's first quarter, to $90.8 million. "CheckFree met every important metric we track, including subscriber growth, billers signed, and monthly transactions processed," said ABN Amro analyst Glenn Greene.
Subscriber growth was up 8%, to 3.8 million. The company added 53 billers in the first quarter, for a total of 210, and it processed an all-time high of nearly 17 million transactions a month during the quarter.
Compiled by Andrew Roth