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Article: BISYS(R) Reaffirms Fiscal 2002 EPS Guidance; Revenue and EPS Growth to Exceed 20%.
- Article from:
- PR Newswire
- Article date:
- October 1, 2001
CopyrightCOPYRIGHT 2001 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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NEW YORK, Oct. 1 /PRNewswire/ --
BISYS (Nasdaq: BSYS), a leading provider of outsourcing services to the financial services sector, announced today that it remains comfortable with Wall Street consensus earnings estimates for its first fiscal quarter ending September 30, 2001.
Lynn Mangum, Chairman and CEO commented, "Through the strength of our business model, especially our high recurring revenue base, coupled with reduced discretionary spending and lower variable costs, we expect to continue delivering our stated 20% EPS growth. However, as a result in large part to market conditions in the investment community as well as the September 11th tragedy, ...