Ireland-based Trintech reported that revenues for the quarter ending July 31 fell 41% from $18.4 million for last year to $10.9 million. However the company reported its sixth consecutive quarter of declining pro forma operating expenses, which fell strongly by 44% in 2Q/02, compared to the corresponding period last year. Trintech is seeking to reach pro forma break-even by the end of its fiscal year in early 2003. Second quarter product revenue decreased 72% to $1.8 million for the quarter. Product revenue shortfall for the first half and second quarter can be attributed to an ongoing general weakness in the Company’s POS business line, due mainly to a fall off in new IT investment at retail level in the German market. Second quarter service revenue fell 8% from $3.5 million for the second quarter last year to $3.2 million for the second quarter ended July 31, 2002. For complete details on Trintech’s latest results visit CardData ([www.carddata.com]).