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DI adds revenue, customers in third-quarter 2002

CALABASAS, Calif. - Digital Insight continued to fill its cash register and client list, posting gains in both areas in third-quarter results the e-commerce enabler reported recently. DI reported a 38% increase in revenue from $24.5 million in third-quarter 2001 to $33.9 million this time around. And net income was...

By Staff Writer | Updated on November 05, 2002

CALABASAS, Calif. – Digital Insight continued to fill its cash register and client list, posting gains in both areas in third-quarter results the e-commerce enabler reported recently. DI reported a 38% increase in revenue from $24.5 million in third-quarter 2001 to $33.9 million this time around. And net income was in the plus column, $1.7 million, against a loss of $9.9 million in third quarter 2001, using generally accepted accounting principals (GAAP), the company said. Meanwhile, 34 financial institutions signed on as new clients in the quarter, adding 565,000 potential end-users. They included 29 new Internet banking clients, 12 new cash-management clients and 19 new lending clients, DI said.

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