US-headquartered financial software group S1 Corporation's net income rose 273.5% to $2.3 million in its second fiscal quarter, from $0.62 million in the same quarter of last year.
Revenue for the three months to 30 September amounted to $62.04 million, compared with $59.39 million a year earlier.
Net income per share rose from 0.01 US cents to 0.03c.
"My first order of business has been to meet with our employees to better understand their perspective on what we are doing right and our key challenges," says newly appointed CEO Chip Mahan.
"The passion and commitment I see from our team gives me confidence that we have the right people, customers and strategy.
"I anticipate taking the next 60 to 90 days to define my plan for our success. To more effectively execute our long-term strategy, we plan to work closely with several early customers to ensure that we meet a higher standard of product quality for our Enterprise 3.5 products."
Mahan, who was appointed last month, was previously CEO from 1995 to 2000.
Last year S1 bought South African-founded Mosaic Software when Business Connexion, General Electric, management and a Dutch group agreed to sell their shareholding.
The total purchase price was $37 million in cash with another $15 million in the form of earn-out payments.
Mosaic was co-founded by Johan Dryer, who is resident in the US, and Willem van Biljon about 10 years ago.
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