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Article: NATIONAL DATA CORPORATION ANNOUNCES RECORD REVENUE AND EARNINGS
- Article from:
- PR Newswire
- Article date:
- July 15, 1996
CopyrightCOPYRIGHT 1996 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ATLANTA, July 15 /PRNewswire/ -- National Data Corporation (NYSE: NDC) today reported a 61 percent increase in earnings for the fiscal year ended May 31, excluding one-time charges. This follows a 38 percent increase last year and 31 percent in the prior year. Earnings totaled $24.7 million on revenue growth of 16 percent. Earnings before interest, taxes, depreciation and amortization totaled $59.4 million. Earnings per share grew to $1.01 from $.75 last year.
For the fourth quarter, earnings increased 56 percent before one-time charges. This is the fourth consecutive quarter with greater than 50 percent earnings growth. Revenue for the quarter grew at 29 percent ...