X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

GLASTONBURY, Conn. – Open Solutions Inc.’s well publicized contract lands are translating into black ink for the e-commerce and core processing technologies provider. The company, which trades on the Nasdaq as OPEN, said first quarter 2004 revenues were $21 million, a 70% jump from the $12.3 million reported in the first three months of 2003. Net income, meanwhile, was $3 million, or 16 cents per share, compared with $100,000, or 1 cent per share, in the year-ago quarter. Highlights of the first quarter also included completing the acquisition of Maxxar Corp., the interactive voice solutions provider, and migrating five credit unions from the FiTECH platform OSI had acquired to the company’s relational database enterprise data processing suite, The Complete Credit Union Solution. “We remain optimistic about our future and focused on providing what we believe is a robust suite of open and flexible technology and service solutions that enable financial institutions to add products and services more easily, serve all channels consistently, make use of real-time market information and better compete in today’s ever changing market,” said Louis Hernandez Jr., OSI’s chairman and CEO.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.