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Stock Symbol: SDS
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SunGard Data Systems Inc. (SunGard) provides integrated information technology (IT) solutions for financial services. The Company is also a provider of information availability services. SunGard offers both integrated, Web-enabled enterprise solutions for the trading, processing, management and accounting of financial assets and availability services, outsourcing and hosting services for online and other business-critical operations. The Company sells a large percentage of its computer services and software to banks, mutual funds, brokers, insurance companies and other financial services firms. The Company operates 10 business segments, including investment support systems, asset management systems, brokerage and execution systems, investor accounting systems, risk and derivatives systems, treasury systems, availability services, e-sourcing, planning solutions and other businesses.
SunGard Data Systems, Inc. provides integrated IT solutions and ``eProcessing'' for financial services. SunGard also provides high availability infrastructure for business continuity. For the three months ended 3/31/03, revenues rose 11% to $674.6 million. Net income increased 9% to $76 million. Results reflect an increase in revenues from brokerage and execution systems, and the addition of revenues from acquired businesses, partially offset by lower operating margins.