Sungard Data Systems' $44 Million Loss Reflects Charge For Two Acquisitions

VENDOR BRIEFING

WAYNE, Penn.--Sungard Data Systems lost $44.3 million on sales of $319.6 million during the first quarter of 1999. The results reflected a one-time charge for $81 million related to the acquisitions of Automated Securities Clearance and Sterling Wentworth.

Without the charge for the acquisitions, Sungard would have earned $37.1 million. A year ago, the company earned $23 million on sales of $276.3 million. Revenue in the company's investment support systems group rose to $226.7 million

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: