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 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.
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