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Record revenue at OSI

GLASTONBURY, Conn. -Open Solutions Inc. recently announced third quarter 2001 revenues of $8.5 million (the largest in company history); representing a 41% revenue growth over second quarter 2001 and year-to-date revenue growth of 53%. It marked the fifth straight record quarter at the company. "Open Solutions continues to perform extremely...

By Staff Writer | Updated on November 20, 2001

GLASTONBURY, Conn. -Open Solutions Inc. recently announced third quarter 2001 revenues of $8.5 million (the largest in company history); representing a 41% revenue growth over second quarter 2001 and year-to-date revenue growth of 53%. It marked the fifth straight record quarter at the company. “Open Solutions continues to perform extremely well in the face of evolutionary changes in the overall economic environment. OSI’s overall performance is bucking the current trend in the industry with our strong and ongoing growth,” said OSI Chairman and CEO Louis Hernandez, Jr. In September OSI signed Boeing Employees Credit Union, one of the largest credit unions in the United States with over 750,000 accounts and $3.4 billion in assets.

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