MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, August 31, 2006 Bisys Releases Delayed Q3 Results Bisys chalked up a profit in its fiscal third quarter, owing to a gain stemming from the sale of its information services unit and lower litigation and regulatory settlement costs. The Roseland, New Jersey-based outsourcing solutions provider reported delayed results for the quarter on Wednesday. Bisys said it earned $236.2 in net income for the period ended March 31. That compares to a net loss of $66.4 million in the year-ago period. The company booked a $203.7 million gain from the sale of its Information Services Group to Open Solutions Inc. Revenues, meanwhile, totaled $211.7 million, down from $212.4 million in the year-ago period. Bisys officials expect full-year revenue to dip approximately 1 percent year-over-year. Officials also said the 10K filing will likely be delayed at least a month after the required filing date of September 13. Printed from: MFWire.com/story.asp?s=12676 Copyright 2006, InvestmentWires, Inc. All Rights Reserved |