20 February 2018
Visit www.avoka.com

S1 profits from Enterprise sales and services

29 October 2004  |  3892 views  |  0 another graph

US banking technology vendor S1 Corporation is reporting net income of $3.2 million in Q3 2004, compared to a loss of $4.4 million in the same quarter a year ago.

The vendor grew revenue to $62.5 million for the quarter, up from $57.46 million in the year-ago period. Professional services revenue rose to $24.38 million from $16.81 million in last year's quarter.

License sales were up 25% sequentially to $11.7 million, as S1 closed 16 deals for its Enterprise multi-channel banking software.

Jaime Ellertson, chief executive officer of S1 Corporation, comments: "This quarter marked several significant developments for our Enterprise strategy, including a new Enterprise relationship with SunTrust Bank and the transition to a subscription-based pricing model for our multi-channel Enterprise suite of products."

He says the firm is also working on the roll out of a new Enterprise module, co-developed with Wells Fargo Bank.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Alliance & Leicester to implement S1 Corporate Banking

Alliance & Leicester to implement S1 Corporate Banking

25 October 2004  |  4616 views  |  0 comments
GL Trade to acquire US order routing firm Davidge Data Systems

GL Trade to acquire US order routing firm Davidge Data Systems

21 October 2004  |  8895 views  |  0 comments
Misys adds S1 front office components to core banking package

Misys adds S1 front office components to core banking package

15 March 2004  |  4448 views  |  0 comments
Fourth quarter returns fail to lift S1

Fourth quarter returns fail to lift S1

13 February 2004  |  3113 views  |  0 comments
Principal Bank moves to S1's Enterprise platform

Principal Bank moves to S1's Enterprise platform

10 December 2003  |  3144 views  |  0 comments
TCF Bank upgrades to S1 Branch Banking Solutions

TCF Bank upgrades to S1 Branch Banking Solutions

02 December 2003  |  2831 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.nextgenbanking.co.ukVisit www.vasco.comvisit www.swift.com/your-needs/instant-payments

Top topics

Most viewed Most shared
Saudi central bank provides sandbox for banks to try out Ripple techSaudi central bank provides sandbox for ba...
11763 views comments | 16 tweets | 12 linkedin
ABN Amro moves escrow accounts to the blockchainABN Amro moves escrow accounts to the bloc...
9385 views comments | 15 tweets | 13 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
9197 views 10 comments | 22 tweets | 26 linkedin
Coinbase and Visa at loggerheads over erroneous charges on customer crypto accountsCoinbase and Visa at loggerheads over erro...
7950 views comments | 13 tweets | 11 linkedin
FCA explores creation of global sandboxFCA explores creation of global sandbox
7284 views comments | 19 tweets | 18 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job