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.
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