21 August 2017
visit www.avoka.com

CyberSource Q2 net income drops

27 July 2006  |  1769 views  |  0 Source: CyberSource

CyberSource Corporation (NASDAQ:CYBS), a leading provider of electronic payment and risk management solutions, today announced financial results for its second quarter ended June 30, 2006.


  • Revenue in the second quarter increased to $16.4 million, a 38% increase over the same period last year.
  • Net income for the second quarter was $0.8 million on a GAAP basis as compared to $1.4 million for the second quarter of the prior year. Non-GAAP net income which excludes stock based compensation expense, the non-cash portion of the tax provision, depreciation and amortization expense, and other non-recurring charges and income was $2.6 million as compared to $1.6 million for the second quarter of the prior year, an increase of 61%. A reconciliation of the GAAP to non-GAAP results is attached with the financial statements
  • GAAP earnings per share was $0.02 compared to $0.04 in the same period last year. Non-GAAP earnings per share was $0.07 compared to $0.04 in the same period last year
  • Transaction volumes increased to a record 198.7 million during the quarter, a 35% increase over the 147.2 million transactions processed in the same period last year
  • CyberSource added approximately 1,500 new customers in the second quarter


» Download the document now 36.2 kb (Adobe Acrobat Document)

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comvisit www.dorsum.eudownload the paper now

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
11027 views comments | 25 tweets | 23 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
9274 views 0 | 5 tweets | 1 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
9174 views comments | 21 tweets | 26 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
9050 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
8877 views comments | 10 tweets | 8 linkedin