The Israeli software vendor Fundtech Ltd. said its second-quarter net income more than doubled from a year earlier, to $1.7 million, or 10 cents a share, as revenue grew 18%, to $25.4 million.
Processing Content
"We are witnessing substantial pickup in sales activities at the high end of the payments market," Reuven Ben-Menachem, Fundtech's chairman and chief executive, said in a press release last week. He attributed the results to organic growth.
Fundtech makes software for cash management and foreign exchange, targeting the largest 100 banks in the world.
