Trintech Group Plc today announced third quarter profits of €330,133 from a turnover of €11.4m. The figures represent a 44 per cent increase on the same period last year and were welcomed by the company's Chairman and Chief Executive Officer, Mr Cyril McGuire.
Revenue for the nine months ended October 31, 2004 was €30.97million ($40.7m) compared with €23.42m ($30.8m) for the nine months ended October 31, 2003, an increase of 32 percent.
Commenting on the results, Mr McGuire said: "I am delighted to report another strong set of results for Q3 with Trintech achieving healthy revenue growth and continued profitability. Performance across product and license was ahead of expectations, with Chip and PIN and treasury and cash management solutions contributing strongly to the underlying growth. We are continuing to make investment in new products and key new markets to strengthen our customer franchise."