print reprint

DST Systems announced Tuesday that its second-quarter earnings rose 31% to $72.8 million, or $1.01 a share, from $55.5 million, or 76 cents a share, in the second quarter of 2006. Adjusted earnings rose to $58.7 million, or 81 cents per share, from $51.6 million, or 70 cents per share.

The company attributed the strong growth to higher license fees and an increase in the number of mutual fund accounts served.

Revenue fell slightly to $567 million from $570 million last year.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.
Learn More

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.
Get 3-Week Free Trial