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Jun 30, 2020
CoreCard Q2 2020 Earnings Report
Intelligent Systems reported Q2 2020 results, demonstrating adaptability and ability to service customers.
Key Takeaways
Intelligent Systems reported a 7% increase in revenue compared to the prior year period, driven by professional services and processing and maintenance. Income from operations and net income were also up slightly from the same quarter the previous year.
Second quarter results were in-line with expectations.
Revenue increased by 7% year-over-year, driven by professional services and processing and maintenance.
Customer and account numbers and value for professional services increased during the quarter.
The company continued to invest in talent and technology while innovating new products and services.
CoreCard
CoreCard
Forward Guidance
Intelligent Systems is cautiously optimistic regarding the trajectory of top-line growth in the second half of the year and anticipates returning to growth in Fiscal 2021.