TSYS (TSS) Tops Q2 EPS by 2c

TSYS (NYSE: TSS) reported Q2 EPS of $0.74, $0.02 better than the analyst estimate of $0.72. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.15 billion.

“We are extremely pleased with the outstanding operational and financial performance for the second quarter as we continue to deliver on our strategic plan. All four segments achieved net revenue growth on a constant currency basis and our consolidated adjusted operating margin expanded by 202 basis points,” said M. Troy Woods, chairman and chief executive officer of TSYS.

“We are also pleased to report that the integration of our TransFirst acquisition this quarter is going very well. TransFirst, along with our legacy merchant business, gives us a commanding leadership position in the merchant acquiring market on which we intend to capitalize,” said Woods.

For earnings history and earnings-related data on TSYS (TSS) click here.

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