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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Computer Services Revenue And Earnings Increase 0 comments
    Dec 30, 2013 11:18 AM | about stocks: CSVI

    Originally published at www.seclive.com

    Computer Services, Inc. (OTCQX:CSVI) announced its financial results for the third fiscal quarter this year, reporting increases in both revenue and earnings. The company, which specializes in payment processing, reported revenues that increased 7% from $49.6M a year ago to $53.1M. Processing revenues, the company's principal segment, increased 4.5% from $31.6M to $33.1M as the company continued to add customers and increase existing customer volumes. Earnings improved from $6.6M and $0.45 per share a year ago to $6.7M and $0.47 per share. Computer Services CEO Steven Powless commented that processing revenue continued to increase its core business while mobile and internet banking helped propel other revenues.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: CSVI
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