<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