S1 Corporation, a global provider of software for financial institutions, says it is set to triple its S1 Enterprise sales, marketing and implementation presence in Europe, the Middle East, Africa and Asia.
Last month the US-headquartered group signed a multi-year distribution agreement with Misys International Banking Systems, which has 1 200 banking customers worldwide.
For the first quarter to 31 March, S1 achieved net income of $444 000, which compares with a loss of $29.29 million for the same quarter of the previous year.
This translates to basic net income of $0.01 per share, compared with a previous loss of $0.42 per share.
This was despite total revenue slipping from $65.66 million to $57.91 million.
For the second quarter to June the company expects to report consolidated revenue of $56 million to $58 million with earnings of between $0 and $0.03 a share.
It expects to report consolidated revenue of $228 million to $234 million for the full year, and full-year earnings of $0.07 to $0.11 per share.
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