<ARTICLE> 5 <LEGEND> THE RESTATED FINANCIAL DATA SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR BILLING CONCEPTS CORP. AND SUBSIDIARIES AS OF AND FOR THE THREE MONTHS ENDED DECEMBER 31, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <RESTATED> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> SEP-30-1997 <PERIOD-END> DEC-31-1996 <CASH> 30,885 <SECURITIES> 4 <RECEIVABLES> 17,707 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 111,517 <PP&E> 20,729 <DEPRECIATION> 2,084 <TOTAL-ASSETS> 132,221 <CURRENT-LIABILITIES> 96,631 <BONDS> 5,676 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 311 <OTHER-SE> 29,514 <TOTAL-LIABILITY-AND-EQUITY> 132,221 <SALES> 1,031 <TOTAL-REVENUES> 29,376 <CGS> 793 <TOTAL-COSTS> 18,934 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 127 <INCOME-PRETAX> 8,038 <INCOME-TAX> 3,058 <INCOME-CONTINUING> 4,980 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 4,980 <EPS-PRIMARY> 0.15 <EPS-DILUTED> 0.14