ATLANTA … Enterprise software developer S1 (Nasdaq: SONE) lost $5.6 million, or 8 cents per share, on $75.3 million in revenue during the second quarter, compared with $43.6 million in losses on $66.1 million in revenue a year ago.

S1’s board of directors has also approved spending up to $10 million in a stock repurchase program, and the company is pursuing a sale of its Edify business unit and other assets that aren’t focused on the financial services sector, where S1 does most of its business.

“Our second quarter results reflect the continuing progress we are making in the execution of our enterprise strategy,” Chief Executive Jaime Ellertson said in a statement. “In a difficult economic environment, we executed 14 new enterprise deals, several of which represent multimillion dollar commitments to our enterprise platform. The continued momentum provided by our enterprise solutions gives us confidence that we will achieve our stated goal of EPS profitability by the fourth quarter of this year.”

During the quarter, S1 signed up 95 new customers and expanded deals to its existing customers by more than 200.

For the six-month period, the company lost $12.4 million, or 19 cents per share, on $147.9 million in revenue, up from losses of $135.7 million on $129.2 million in revenue during the first half of 2001.

S1: www.s1.com