TSYS releases Q1 results

EPS Growth of 18.6% for the First Quarter

The company reports earnings per share for the quarter at USD0.30, an increase of 18.6% compared with last year (view press release). Total revenues for the quarter were USD461.2 million, an increase of 7.4% compared with last year whilst total operating income for the quarter was USD84.8 million, an increase of 16.2% on last year. According to TSYS chairman and CEO, Philip Tomlinson, the quarter “represents the 8th consecutive quarter that we reported positive year-over-year growth in revenues before reimbursable items.”

Major deals during the quarter included the signing of new contracts with Huntington Bancshares and Regions to process their credit card portfolios and the renewal of the long term agreement with RBS UK, Ireland and US to provide payment processing and related services for its consumer credit and commercial businesses.

Related reading

Leave a comment