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Article: In Brief: Global Payments' Profits Rise 27%.(Global Payments Inc.)(Brief Article)
- Article from:
- American Banker
- Article date:
- September 26, 2005
- Author:
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The merchant payment processor Global Payments Inc. reported strong earnings for its fiscal first quarter and raised its guidance, citing increased business in North America and its money-transfer operations in Europe.
Earnings rose 27%, to $30.7 million. Revenue for the three months, which ended Aug. 31, was $224.5 million, besting the year-earlier period by 17%.
The Atlanta company announced the results Thursday. Earlier this month it announced it would form a merchant processing partnership with HSBC Holdings PLC.
Paul Garcia, Global Payments' president and chief executive, said in a conference call with analysts Friday that the deal with ...