TSYS announced yesterday that its revenues for the second quarter this year increased by 30.4 percent, while its adjusted earnings per share (EPS) from continuing operations were $0.45, an increase of 19.8 percent.
According to a company press release, total revenues year-to-date were $1.2 billion, an increase of 31.2 percent. Additionally, TSYS said that company revenues before reimbursable items were $1.1 billion, which is an increase of 35.7 percent.
We’d love to be your preferred source for news.
Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!
“We set another milestone this quarter with total revenues of over $600 million for the first time in TSYS’ history. It was an outstanding quarter with our consolidated adjusted operating margin improving 357 basis points over the first quarter to 24.94%,” Philip W. Tomlinson, chairman and chief executive officer of TSYS, said in a statement.
Tomlinson added that year to date, TSYS’ cash flow was $133.7 million, which is an increase of $54.9 million, or 69.6% over 2013.
During the quarter, we deployed $115.7 million of our capital by repurchasing 3.7 million shares,” Tomlinson said in the release.
TSYS also stated that its adjusted EBITDA increased 21.6, and income from continuing operations was $109.1 million.
Advertisement: Scroll to Continue
“What’s Hot” is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.
Add as Preferred Source