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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
05/23/201609:00:00TSYS Introduces New Innovative Virtual Payment Solution
05/20/201614:40:45Statement of Changes in Beneficial Ownership (4)
05/20/201609:16:16Specialized Disclosure Report (sd)
05/20/201608:30:00Can These Credit Services Stocks Keep Investors Interested?...
05/19/201616:04:34Statement of Changes in Beneficial Ownership (4)
05/19/201610:14:00TSYS verbessert Möglichkeiten zur Betrugsvermeidung in Echtzeit...
05/19/201609:45:00TSYS optimise les capacités de détection de fraude en temps r...
05/19/201609:00:00TSYS Enhances Real-Time Fraud Capabilities with Machine Learning...
05/16/201609:00:00TSYS Announces EMV Certification of Dejavoo Systems’ Semi-Integrated S...
05/16/201608:03:03Statement of Changes in Beneficial Ownership (4)
05/12/201611:05:07Statement of Changes in Beneficial Ownership (4)
05/12/201611:02:29Statement of Changes in Beneficial Ownership (4)
05/12/201610:58:03Statement of Changes in Beneficial Ownership (4)
05/12/201610:56:00Statement of Changes in Beneficial Ownership (4)
05/12/201610:52:53Statement of Changes in Beneficial Ownership (4)
05/10/201611:17:00TSYS unterzeichnet Vereinbarung mit führender afrikanischer...
05/10/201610:50:00Longtime Green Dot Rival Emerges as Activist Calls for CEO Change
05/10/201610:25:00TSYS signe un contrat avec un important groupe bancaire africain
05/10/201607:40:33Statement of Changes in Beneficial Ownership (4)
05/10/201601:00:00TSYS Signs Leading African Banking Group

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