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Total System 1Q Profit Slips 4.9% On North American Weakness

DOW JONES NEWSWIRES Total System Services Inc.'s (TSS) first-quarter profit edged down 4.9% as its main North American segment continued to lag behind faster-growing international and merchant services segments. Revenue grew slightly faster than forecast. Total Systems, which makes technologies to support consumer finance credit and debit cards for financial institutions, has benefited from slightly improved consumer spending trends of late. A Credit Suisse analysis said momentum continues to build for the company to show a recovery in the second half as new portfolios come online. The company in January bought the remaining minority interest in First National Merchant Solutions LLC, a joint-venture direct merchant acquirer and transaction processor with First National Bank of Omaha. Total System said the business, rebranded TSYS Merchant Solutions, will help it pursue its diversification strategy. Total System posted a first-quarter profit of $48.8 million, or 25 cents a share, down from $51.3 million, or 26 cents a share, a year earlier. Revenue grew 3.9%, to $429.4 million. Analysts polled by Thomson Reuters expected a profit of 25 cents on revenue of $423 million. Revenue for North American services declined 9.3%, to $230.6 million, while international services revenue rose 14%, to $90.7 million, and merchant services sales surged 33%, to $115.8 million. Shares edged up 0.2%, to $19.10 in after-hours trading. The stock has gained 15% over the past 12 months through the close. -By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; Andrew.FitzGerald@dowjones.com

Stock News for Total Systems (TSS)
DateTimeHeadline
05/04/201513:02:03Total System Services's "Hold" Rating Reiterated at Evercore...
04/30/201516:30:00TSYS to Host 2015 Analyst Day in New York
04/30/201511:44:35Total System Services Stock Rating Reaffirmed by TheStreet (TSS)
04/30/201509:23:18Total System Services Rating Increased to Buy at Zacks (TSS)
04/29/201508:49:43Current Report Filing (8-k)
04/29/201503:30:43Total System Services Downgraded by Wells Fargo & Co. to Market...
04/28/201516:03:31Current Report Filing (8-k)
04/28/201516:00:00TSYS Reports First Quarter Adjusted EPS Grew 41.2%
04/28/201503:37:01Total System Services Research Coverage Started at Topeka Capital...
04/17/201513:13:42Barclays Raises Total System Services Price Target to $44.00...
04/14/201509:00:00ProPay® Adds MasterCard® MasterPass⢠Checkout Service
04/10/201516:01:43Amended Annual Report (10-k/a)
04/09/201509:00:00ProPay® Syncs with QuickBooks® for Merchants
04/06/201509:00:00Brinkâs and NetSpend Launch Brinkâs Prepaid MasterCard®
03/31/201512:25:14Statement of Changes in Beneficial Ownership (4)
03/31/201509:00:00ProPay® Announces ProFac Expresssm for Payment Facilitators
03/30/201509:00:00TSYS to Broadcast First-Quarter 2015 Results
03/26/201509:08:03Current Report Filing (8-k)
03/26/201509:00:00TSYS CIO Ken Tye To Retire
03/24/201508:00:00Thousands Voice Concern about CFPB Proposed Rule

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