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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;

Stock News for Total Systems (TSS)
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
03/16/201508:02:50Proxy Statement (definitive) (def 14a)
03/12/201513:03:50Statement of Changes in Beneficial Ownership (4)
03/09/201508:30:00TSYS Named as a 2015 World’s Most Ethical Company by the Ethisphere I...
03/09/201508:30:00TSYS est nommée l’une des sociétés les plus éthiques au monde...
03/09/201508:30:00TSYS vom Ethisphere Institut als eines der ethischsten Unternehmen...
03/09/201508:30:00TSYS indicada como uma das empresas mais éticas do mundo em...
03/03/201514:33:00Statement of Changes in Beneficial Ownership (4)
03/03/201509:00:00TSYS Announces First-Quarter 2015 Dividend
03/02/201516:31:11Statement of Changes in Beneficial Ownership (4)
03/02/201516:28:07Statement of Changes in Beneficial Ownership (4)
03/02/201516:28:07Statement of Changes in Beneficial Ownership (4)
03/02/201516:23:34Statement of Changes in Beneficial Ownership (4)
02/27/201512:00:52Statement of Changes in Beneficial Ownership (4)
02/26/201506:21:38Annual Report (10-k)
02/25/201511:58:12Statement of Changes in Beneficial Ownership (4)

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