Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Bisys To Focus On Dublin Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, October 14, 2003

Bisys To Focus On Dublin

Reported by Sean Hanna, Editor in Chief

Bisys is planning to close offices is Europe as part of an effort to boost its margins. The back office specialist's plans were revealed in a conference call Dennis Sheehan held with stock analysts before he resigned last week.

The executives used the conference call to explain details behind the earnings shortfall announced by Bisys. On Thursday last week Sheehan resigned as CEO citing health concerns. He said that the failure of the firm to meet Wall Street's earnings expectations played no role in his decision to retire.

During the call Sheehan said that the Bisys plans to keep its Dublin, Ireland office open to serve U.S. investment managers' operations in Europe even as its shutters other operations on the Continent.

"Dublin has been doing very well," said Sheehan explaining that Bisys has a "differentiated advantage in Dublin." He added that the other offices in Europe "were in fact a distraction."

"It is the other European locations that have held margins down and are not growing," Sheehan told analysts. He also noted that the firm's hedge fund business is "doing great."  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use