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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
06/30/201509:00:00TSYS Extends Relationship with INVEX
06/30/201509:00:00MetaBank®, NetSpend extend relationship with new five-year contract
06/29/201509:00:00TSYS to Broadcast Second-Quarter 2015 Results
06/25/201509:00:00TSYS Research Reveals Canadian Consumers Prefer Credit Cards...
06/25/201509:00:00Une étude TSYS révèle que les consommateurs canadiens préfèrent les...
06/23/201515:28:26Statement of Changes in Beneficial Ownership (4)
06/23/201511:06:00TSYS Firma Acuerdo PRIME 4 con NCB Jamaica
06/17/201509:00:00TSYS Announces Promotion of Keith Pierce to Executive Vice President
06/09/201505:35:00TSYS prend en charge Apple Pay au Royaume-Uni
06/09/201505:35:00TSYS unterstützt Apple Pay in Großbritannien
06/08/201516:00:00TSYS Supports Apple Pay in the U.K.
06/08/201509:00:00TSYS Enhances Card Production in the Migration to Chip Cards
06/05/201512:29:42Statement of Changes in Beneficial Ownership (4)
06/05/201506:52:00TSYS und FICO veröffentlichen einen Bericht über den Aufbau b...
06/05/201502:49:00TSYS et FICO publient un rapport sur la manière dont les institutions...
06/04/201511:00:00TSYS and FICO Release Report on How Financial Institutions Should...
06/02/201509:00:00Mountain America Credit Union Selects ProPay’s LenderPay Loan P...
06/01/201509:00:00TSYS Announces Second-Quarter 2015 Dividend
06/01/201504:00:00TSYS Releases Research on U.K. Consumer Payments
06/01/201504:00:00TSYS publie une étude sur les habitudes de paiement des consommateurs...

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