Hey doc.......these 2 lines in the segment info have been on me all
day. Look at the 3 Month Revenue for December 31, 1997.
Look then at the 6 Month Revenue for December 31, 1996.
Damm near the same 32/33M. Now look at the losses.........
BIG DIFFERENCE!!!!
SEGMENT INFORMATION
Three Months Ended Six Months Ended
December 31, December 31,
---------------------------- -----------------------------
1997 1996 1997 1996
--------- ---------- ---------- ----------
Operating Revenue:
Electronic Commerce $ 32,660 $ 17,085 $ 62,966 $ 33,585
Operating Income (Loss):
Electronic Commerce $ (210) $ (5,216) $ (1,102) $ (9,148)
How did they explain the lines?
Favorable operating results are primarily due to the continued
revenue growth as well as continued efficiency improvements in
remittance and customer care costs, reduction in costs from the
integration of the ISC acquisition and significant economies of
scale and leverage inherent in the segment's business model.
Cost improvements in customer care and remittance are the
result of growth in electronic payment percentage year over
year. |
