Global payments provider TSYS shared its first quarter earnings in a release this week.
With total revenues reaching $1.2 billion, the company saw a 60.2 percent increase from last year’s first quarter. As a direct result from these strong earnings, TSYS plans to increase its 2017 revenue and EPS guidance by $20 million.
TSYS’ Chairman and Chief Executive Officer, M. Troy Woods, commented on the company’s Q1 results and shared plans for the remainder of the year: “We are extremely pleased to report an outstanding beginning to 2017 with across-the-board, high double-digit growth in our consolidated revenues, income and earnings per share in the first quarter. We continue to execute on our strategy of diversification and growth of our businesses while maintaining our leadership in technology, product innovation and service to our customers.”