Transaction Systems Architects Incorporated, parent company of payments technology vendor ACI Worldwide, is reporting revenues of $74.0 million for the first quarter of fiscal 2004 ending December 31 2003, an 18.4% increase over the same period last year.
Net income for the quarter was $10.0 million, or $.27 per diluted share.
For the first quarter of fiscal 2004, revenues were comprised of software license sales of $41.2 million, maintenance fees of $21.3 million and services fees of $11.5 million.
Operating income was $15.5 million, with an operating margin of 21% an increase of 105% on last year.
The company signed up a total of 15 new clients during the quarter. ACI Worldwide, which is TSAI's largest business unit, acquired eight new customers during the quarter. ACI also licensed capacity upgrades to five clients and sold thirteen new applications to existing customers.
TSAI's IntraNet subsidiary, a provider of banking software and payments and message processing systems, licensed two new applications, one capacity upgrade and entered into 11 services contracts with existing customers during the quarter. The company's Insession Technologies business unit added seven new clients and licensed 13 new applications to existing customers.
Gregory Derkacht, president and CEO, TSAI, says: "We continue to believe the company is well positioned, and we look to expand our leadership role in the e-payments market with our open-system solutions through our worldwide channels."