Fiserv Earnings Rise in 3Q

Fiserv, Brookfield, Wis., has reported net income of $95.4 million ($0.47 per share) for the third quarter, up from $80.4 million ($0.42 per share) a year earlier.Fiserv's processing and services revenues came in at $866.3 million for the quarter, a 23% increase from $702 million in the third quarter of 2003. Fiserv president and CEO Leslie M. Muma called the results "a milestone." He attributed the strong results in part to three acquisitions made by the company in the third quarter, including Results International Systems Inc., a provider of outsourced systems for the property and casualty insurance industry; Pharmacy Fulfillment Inc.; and CheckAgain LC, a company that converts checks to electronic format within its mortgage servicing offering. Fiserv can be found on the Web at http://www.fiserv.com.