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Technology / AI and automation

COMPANY RESULT: SUNGARD DATA SYSTEMS INC

SunGard Data Systems Inc, Wayne, Pennsylvania disaster recovery outfit, has reported fourth-quarter net income up 55.5% at $22.6m on revenue up 30.7% at $252.6m. For the year, net income rose 122.2% to $77.5m on revenue up 28.6% at $862.2m. Earnings per share rose 47% to $0.25 for the quarter, and 112.2% to $0.87 for the year. Results include one-time charges of $2.9m and $12.8m for the quarter and year, respectively, from acquisition and merger-related costs. 1996 results include similar charges of $7.1m and $51.1m for the quarter and year, respectively.

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CBR Staff Writer

CBR Online legacy content.