NIC (EGOV) Reports In-Line Q1 EPS
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NIC Inc. Reports First Quarter 2019 Results
May 6, 2019 4:00 PM EDTOLATHE, Kan.--(BUSINESS WIRE)-- NIC Inc. (Nasdaq: EGOV), the leading provider of digital government services, today announced results for the first quarter of 2019 that ended March 31, 2019, as compared to the first quarter of 2018.
Total revenues of $85.2 million, a 2% decrease reflecting lower revenues from the new Texas payment processing contract compared to revenues from the legacy contract Operating income of $15.0 million, a 27% decrease reflecting the Texas contract transition and executive severance costs of $2.6 million Net income of $11.5 million, a 26% decrease... More