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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
09/01/201516:30:00TSYS Announces Third-Quarter 2015 Dividend
09/01/201509:00:00TSYS Signs Payments Agreement with Metro Bank
09/01/201506:04:00TSYS signe un accord sur les paiements avec Metro Bank
09/01/201506:03:00TSYS unterzeichnet Zahlungsabkommen mit Metro Bank
08/25/201509:25:00TSYS Executives Discuss Women’s Impact in Payments Industry
08/20/201509:00:00TSYS Launches New Suite of Business Intelligence Products
08/20/201509:00:00TSYS lance une nouvelle suite de produits de veille stratégique
08/20/201509:00:00TSYS lanciert neue Business-Intelligence-Produktlinie
08/18/201512:42:00TSYS、パトリシア・ワトソン氏をCIOに任命
08/18/201502:36:00TSYS nomme Patricia Watson au poste de directrice de l'information
08/18/201502:36:00TSYS ernennt Patricia Watson zur CIO
08/17/201515:00:00TSYS Names Patricia Watson as CIO
08/13/201508:09:09Statement of Changes in Beneficial Ownership (4)
08/12/201509:00:00Europäische Kartenaussteller können von Tokenisierung der Zahlungssysteme p...
08/12/201509:00:00Les émetteurs européens peuvent prospérer dans un écosystème toké...
08/12/201509:00:00European Issuers Can Thrive in a Tokenisation-Enabled Ecosystem
08/06/201510:17:46Quarterly Report (10-q)
07/30/201518:04:17Statement of Changes in Beneficial Ownership (4)
07/30/201509:00:00TSYS and Acquirer Systems Launch ASTREX to Simplify EMV Certification...
07/28/201516:03:33Current Report Filing (8-k)

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