Exhibit 99.1 (b) 1
Q4 NORMALIZED RESULTS
UNAUDITED CONSOLIDATED STATEMENTS OF INCOME
NATIONAL DATA CORPORATION AND SUBSIDIARIES
(In thousands, except per share data)
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Three Months Ended May 31,
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2001 2000
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Revenues:
Information management $39,144 $35,359
Network services and systems 52,899 39,848
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92,043 75,207
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Operating expenses:
Cost of service 45,693 36,792
Sales, general and administrative 20,468 17,539
Depreciation and amortization 9,163 8,089
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75,324 62,420
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Operating income 16,719 12,787
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Other income (expense):
Interest and other income 624 15
Interest and other expense (2,348) (1,505)
Minority interest in loss 413 -
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(1,311) (1,490)
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Income before income taxes 15,408 11,297
Provision for income taxes 5,932 4,349
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Net income $ 9,476 $ 6,948
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Basic earnings per share $ 0.28 $ 0.21
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Diluted earnings per share $ 0.27 $ 0.21
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Basic shares 33,970 32,755
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Diluted shares 35,368 33,617
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