SunGard Profits Up as Internal Growth Dips
VENDOR UPDATE
WAYNE, Penn.--SunGard reported a 10 percent increase in net income to $90 million, an 18 percent revenue rise to $734 million, and an 11 percent rise in earnings per share (EPS) of $0.31 for Q2 2003.
In addition, SunGard’s share price has risen about 35 percent over the quarter, to $25.23 as of July 24. However, most of SunGard’s positive growth was from acquired companies, and its internal revenue growth--from existing businesses the company has held more than a year--declined one percent, after
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