Exhibit 99.1(b)2
Q3 GAAP RESULTS
UNAUDITED CONSOLIDATED STATEMENTS OF INCOME
NATIONAL DATA CORPORATION AND SUBSIDIARIES
(In thousands, except per share data)
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Three Months Ended February 28/29,
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2001 2000
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Revenues:
Information management $37,195 $33,746
Network services and systems 51,037 37,957
Divested businesses - 14,165
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88,232 85,868
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Operating expenses:
Cost of service 45,718 44,893
Sales, general and administrative 18,653 19,654
Depreciation and amortization 8,686 6,990
Restructuring and impairment charges - -
73,057 71,537
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Operating income 15,175 14,331
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Other income (expense):
Interest and other income 101 88
Interest and other expense (2,054) (1,727)
Minority interest in earnings 841 -
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(1,112) (1,639)
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Income before income taxes and discontinued operations 14,063 12,692
Provision for income taxes 5,414 4,882
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Income before discontinued operations 8,649 7,810
Discontinued operations - (6,616)
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Net income $ 8,649 $ 1,194
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Basic earnings per share:
Income before discontinued operations $ 0.26 $ 0.24
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Discontinued operations $ - $ (0.20)
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Basic earnings per share $ 0.26 $ 0.04
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Diluted earnings per share:
Income before discontinued operations $ 0.25 $ 0.23
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Discontinued operations $ - $ (0.20)
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Diluted earnings per share $ 0.25 $ 0.04
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Basic shares 32,992 32,920
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Diluted shares 34,348 33,810
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Press Release Attachment Page 2