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BISYS said the soft market affected its insurance wholesale business as the company reported a 17 percent decline in its insurance services segment for the first half of the fiscal year after the release of its second-quarter earnings report.

As a whole, the company reported net income was down 36 percent, or $8 million, in the quarter from $22 million to $14 million. Earnings per share dropped from 19 cents to 12 cents. Revenues increased 7 percent, or $14 million, going from $207 million to $221 million.

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