Summary from Dow Jones:
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April 23, 1999
Fundtech Ltd. 1Q Net 16c/Diluted Share Vs 3c
Dow Jones Newswires
Fundtech Ltd. - Jersey City, N.J.
1st Quar March 31:
1999 1998
Revenue $7,901,000 $3,028,000
Net income 1,794,000 231,000
Avg shrs (basic) 10,845,658 8,308,000
Avg shrs (diluted) 11,554,345 8,885,000
Shr earns (basic)
Net income .17 .03
Shr earns (diluted)
Net income .16 .03
Fundtech Ltd. (FNDTF) said latest quarter software license fees rose to $4.6 million, up from $2 million last year.
The company also said maintenance and service revenue rose to $2.8 million in the latest first quarter from $685,000 a year ago.
Fundtech develops and markets client/server software products for electronic payment processing, fund transfers and cash management.
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