SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
AMENDMENT NO. 1
(Mark One)
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 1996
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from __________ to __________
Commission file number: 33-45417
THE BISYS GROUP, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 13-3532663
(State or other jurisdiction (I.R.S. Employer
incorporation or organization) Identification No.)
150 Clove Road, Little Falls, New Jersey
07424
(Address of principal executive offices)
(Zip Code)
201-812-8600
(Registrant's telephone number, including area code)
Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.
Yes X No ___
---
Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date:
Class Shares Outstanding at June 27, 1996
-----------------------------------
Common Stock, par value $.02 per share 24,290,787
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This document contains 5 pages.
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1
<PAGE>
THE BISYS GROUP, INC.
INDEX TO FORM 10-Q/A
AMENDMENT NO. 1
Page
PART II. OTHER INFORMATION . . . . . . . . . . . . . . . . 3
2
<PAGE>
PART II
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
(a) Exhibits
Exhibit 27 - Financial Data Schedule
3
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
THE BISYS GROUP, INC.
Date: July 3, 1996 By:
--------------- -----------------------------------------------------
Robert J. McMullan
Executive Vice President and Chief Financial Officer
(Duly Authorized Officer)
4
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
THE BISYS GROUP, INC.
Date: July 3, 1996 By: /s/ Robert J. McMullan
--------------- ------------------------------------------------------
Robert J. McMullan
Executive Vice President and Chief Financial Officer
(Duly Authorized Officer)
5
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL EXTRACTED FROM FINANCIAL STATEMENTS AS
OF MARCH 31, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENT.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> JUN-30-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> MAR-31-1996
<CASH> 25,902
<SECURITIES> 2,604
<RECEIVABLES> 45,580
<ALLOWANCES> 1,587
<INVENTORY> 0
<CURRENT-ASSETS> 79,461
<PP&E> 40,459
<DEPRECIATION> 19,563
<TOTAL-ASSETS> 187,327
<CURRENT-LIABILITIES> 43,540
<BONDS> 0
0
0
<COMMON> 474
<OTHER-SE> 142,809
<TOTAL-LIABILITY-AND-EQUITY> 187,327
<SALES> 0
<TOTAL-REVENUES> 174,138
<CGS> 0
<TOTAL-COSTS> 91,590
<OTHER-EXPENSES> 10,416
<LOSS-PROVISION> 511
<INTEREST-EXPENSE> 510
<INCOME-PRETAX> 35,007
<INCOME-TAX> 13,291
<INCOME-CONTINUING> 21,716
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 21,716
<EPS-PRIMARY> 0.88
<EPS-DILUTED> 0.88
</TABLE>
