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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel? -- Ignore unavailable to you. Want to Upgrade?

To: zuma_rk who wrote (18500)	8/14/2001 4:40:36 PM
From: AugustWest	Respond to of 20297

CheckFree Closes Fiscal 2001 With Record Performance ATLANTA--(BUSINESS WIRE)--Aug. 14, 2001--CheckFree(NASDAQ:CKFR - news): Highlights include over 5.2 million subscribers and 231 million transactions processed; 64 percent of transactions processed electronically in June; 271 bills committed to electronic distribution, with 173 available today; and nearly 500,000 e-bills distributed in June, for a run rate of 6 million bills per year CheckFree Corporation (NASDAQ: CKFR - news) today announced revenues of $121.8 million for the fourth quarter ended June 30, 2001 compared to $88.5 million for the same quarter of fiscal 2000. Total revenues for the quarter increased 38 percent over the comparative quarter of last year. Revenues for the year ended June 30, 2001 were $433.3 million, representing 40 percent growth over the prior year. CheckFree reported a pro forma loss for the quarter of $0.8 million, or 1 cent per share, excluding the impact of acquisition-related amortization and one-time charges. This compares to a pro forma loss of $3.3 million, or 6 cents per share, for the fourth quarter of fiscal 2000. For the fiscal year 2001, the Company reported a pro forma loss of $14.8 million, or 18 cents per share, compared to a pro forma loss of $10.3 million, or 19 cents per share, for fiscal 2000. On a GAAP basis, the company reported a net loss of $87.7 million, or $1.01 per share for the fourth quarter and a net loss of $363.1 million, or $4.49 per share for the fiscal year 2001, reflecting the impact of acquisition-related intangible amortization and one-time charges. CheckFree Chairman and CEO Pete Kight said, ``The significant gains we made across each of our divisions this fiscal year should enable us to meaningfully extend our leadership in each market we serve, as well as to deliver more of our top-line growth to the bottom line in fiscal 2002. The most critical strategic objective we achieved this year was the successful integration of assets, people and technology from our acquisitions, which included BlueGill Technologies and TransPoint, and from our strategic alliance with Bank of America. Each of these relationships has enabled our Electronic Commerce division and the i-Solutions unit of our Software division to advance its leadership as tracked by any number of metrics, including subscriber growth, biller relationships, bills distributed to consumers, transaction volumes and the percent of those transactions we can process electronically from end-to-end. These advancements, in turn, have helped us improve the quality, service, cost, and convenience we deliver to our customers and the consumers they serve. ``We also are very pleased with the subscriber growth we saw for the quarter and the year,'' Kight continued. ``Our subscriber base grew from 3.5 million at the end of fiscal 2000 to just over 5.2 million at the end of fiscal 2001, a 49 percent increase overall,'' Kight said. ``CheckFree has a substantial lead in each of the primary markets we serve within all three of our operating divisions. We enter fiscal 2002 well equipped and strongly committed to defending and extending these leadership positions. We are equally committed to driving an increasing percentage of this growth to the bottom line.'' yada yada yada yada. We'll look closer later tonight.