eFunds reports revenue growth among remaining units

eFunds reports revenue growth among remaining units
Tags: Bank / Credit Union
August 11, 2005

SCOTTSDALE, Ariz. - eFunds Corp., a provider of electronic payments, risk management and related outsourcing services, reported in an Aug. 11 news release second quarter net income of $116.3 million, a 10 percent increase from $106.1 million reported by the company's three remaining operating segments during the second quarter of 2004.

Revenue declined 17 percent from 2Q '04 as a result of the sale of the company's ATM deployment business in November 2004.

Net income for 2Q '05 was $14.1 million, or 30 cents per share, up from $9.4 million, or 19 cents per share during the same period last year.