NU Online News Service, Aug. 11, 2004, 10:35 a.m. EDT
The BISYS Group Inc. reports lower income but higher revenues for its fiscal 4th quarter and fiscal year ended June 30, 2004.[@@]
For the fiscal fourth quarter, BISYS, New York, reports net income of $18 million, down from $31 million for the same period in fiscal 2003. Revenue for the quarter was just over $267 million, up from more than $247 million in the same period last year.
For the fiscal year, the company had net income of around $64 million on revenues of more than $1 billion, compared to $98 million in net income on $934 million the year before.