28 Oct Metavante income and revenue rise in third quarter
Milwaukee, Wis. – Citing higher transaction volumes in the payment business, Metavante Technologies reported third quarter organic growth of four percent on revenue of $424.5 million.
Metavante Technologies is the parent company of Metavante Corp., provides banking and payments technologies to financial services firms.
The company reported third quarter net income was $35.1 million, or $0.29 per share.
Revenue was up four percent to $406.9 million in the third quarter of 2007, as Metavante’s financial solutions group and payment solutions group reported strong sales.
Frank R. Martire, president and chief executive officer of Metavante, attributed the results to the company’s business model, cost discipline, and its continued investment in new technologies.
For a complete report on the company’s third quarter performance, click on this link.