TITLE

New Strategy Hit Corillian Profit

AUTHOR(S)
Wade, Will
PUB. DATE
February 2006
SOURCE
American Banker;2/13/2006, Vol. 171 Issue 29, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that the online banking technology vendor Corillian Corp. said a new sales strategy produced a slight revenue gain but a net loss in the fourth quarter. It lost $39,000, 35% less than in the third quarter; it had earned $3.2 million a year earlier. Revenue of $13.8 million was up 16% from the third quarter and 4.5% from a year earlier.
ACCESSION #
19787613

 

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