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Wednesday, Apr 24, 2024

Digital Insight Earnings Up

Digital Insight Corp. reported an increase in its earnings for the first quarter of its fiscal year ending March 31. The online banking provider reported income of $6.2 million for the quarter or .17 per diluted share on revenues of $57.9 million. That is an 8 percent increase over the same period of last year when the company reported net income of $5.7 million on revenues of $51.7 million. The Calabasas-based company added 332,000 Internet banking users during the quarter, surpassing its previous record performance achieved in the fourth quarter of 2005. “We delivered another strong quarter highlighted by record growth in end users, revenues that exceeded expectations, record operating cash flows, and exceptional sales bookings,” Digital Insight President and Chief Executive Officer Jeff Stiefler said. “Our cooperative marketing initiatives that promote bill pay adoption also proved highly successful, significantly benefiting our clients while improving our revenue growth outlook for 2006 as reflected in our increased guidance.” For the full year, the company has forecast revenues between $243 million and $245 million.

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