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ACI may talk up sales but ...

29 February 2008 1 comment

Richard Crookston

Payments Consultant

R Crookston

...are they making any money?

Why talk up sales if you are safe and secure in your business?

Just a thought for you to ponder on if it had not already crossed your mind.

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Comments: (1)

Paul Penrose Head of Research at Finextra

29 February 2008

It's a common wheeze.

If you're looking for the financials, we posted them the week before: ACI reports quarterly loss.

For the record - and to save you the ffort of toiling through all the positive guff at the top of the release - ACI reported a net loss of $2.0 million for the quarter compared to net income of $2.6 million during the same period last year. Calendar year 2007 net loss was $13.8 million compared to net income of $42.8 million in calendar 2006.

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