OMAHA, Neb. - Transaction Systems Architects Inc., the parent company of ACI Worldwide, announced this week its financial earnings for the third quarter of 2005, which ended June 30. According to the release, quarterly revenue increased 8 percent to $78 million, down from $72.5 million in 3Q 2004.
Quarterly and year-to-date net income for 2005, however, dropped from $18,662 (49 cents per share) in 3Q '04 to $9,995 (26 cents per share) and from $36,679 for the first three quarters of '04 to $34,111. That decrease is, in part, because of drops in international income. The company's Asia Pacific income for 3Q '05 was $7.9 million from $9.4 million in 3Q '04. Total international quarterly income was $46.4 million compared to $42.4 million in '04.
Income from other markets, such as the American and Europe/Middle East/Africa regions, increased from quarter to quarter. Quarterly income from the Americas was up, to $42.5 million in '05 from $40.2 million in '04. Quarterly income from EMEA also was up in '05, to $27.6 million from $23 million.
"We are pleased with our strong financial performance during the quarter," said Philip G. Heasley, TSA's chief executive. "These results, combined with new customer signings and our planned acquisition of S2 Systems, provide for continued profitable growth for TSA."
TSA announced on June 29 that it plans to buy S2 Systems, a global provider of electronic payments and network connectivity software. S2 is expected to be integrated into TSA's existing businesses. "We look forward to closing the planned acquisition of S2, which will increase our global customer base as well as add to our team of talented employees," Heasley said.
