Online Resources Corp.’s second-quarter revenue grew 5.4% year-over-year, to $38.3 million, from higher sales of e-commerce services, the company announced Aug. 4.
The Chantilly, Va.-based bank technology vendor said after market close that its net loss attributable to stockholders widened 79.2%, to $2.3 million, or 7 cents per diluted share, from $1.3 million, or 4 cents per diluted share. Adjusted net income excluding certain compensation, tax, restructuring and other costs of 3 cents per diluted share beat analysts’ averaged estimate of a loss of 2 cents per share.
“Our positive performance was the result of higher than anticipated e-commerce payment transactions, where we benefited from stronger than expected same-store transaction growth,” Joseph Cowan, Online Resources president and chief executive, said in a press release.
Online Resources in March announced a plan to consolidate some of its software platforms to reduce redundancy and cut costs (
