NU Online News Service, July 30, 2003, 3:33 p.m. EDT – The BISYS Group Inc., New York, is reporting $34 million in net income for the quarter that ended June 30 on $253 million in revenue, down from $37 million in net income on $239 million in revenue for the comparable quarter in 2002.
BISYS sells investment services, educational services and back-office support services to insurers and other financial services companies.
Revenue for all three businesses was up, but profits at the investment and educational businesses were down, BISYS says.
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