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Global Payments Reports Third Quarter Earnings

Wednesday 17 March 2004 20:50 CET | News

Global Payments has reported the results for the third quarter ended February 29, 2004. Revenue grew 30 percent to $162.6 million compared to $124.6 million in the prior year.

This includes $18.3 million in revenue recorded in the current quarter as a result of our recent acquisitions, which primarily consists of DolEx and, to a lesser extent, the MUZO acquisition which was announced on February 20, 2004. Net income grew 36 percent to $16.5 million compared to $12.1 million in the prior year quarter and diluted earnings per share grew 31 percent to $0.42 compared to $0.32 in the prior year quarter. For the nine months ending February 29, 2004, revenue grew 17 percent to $447.5 million compared to $381.8 million in the prior year period. Net income grew 24 percent to $50.1 million from $40.3 million in the prior year period and diluted earnings per share grew 21 percent to $1.29 from $1.07 in the prior year period, excluding a restructuring charge of $2.9 million, net of tax or $0.07 per share in the current year period. Year-to-date GAAP net income and diluted earnings per share were $47.2 million and $1.22, respectively.


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Categories: Payments & Commerce | Payments General
Countries: World
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