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Article: Guidance Drop Aside, Processor Eyes Growth.(Cards)(Global Payments Inc. sales growth)(Financial report)
- Article from:
- American Banker
- Article date:
- January 8, 2009
- Author:
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Byline: Daniel Wolfe
Despite strong growth in its international operations, Global Payments Inc. said currency exchange rates have forced it to lower its revenue and profit guidance.
Analysts said the Atlanta processor's overall performance outweighed the lower guidance, and one upgraded Global Payments' stock.
Paul R. Garcia, its chairman and chief executive, said that his company's efforts to expand abroad are paying off, and that he plans additional acquisitions in several regions.
"We are not immune to broader economic trends. However, we are quite fortunate to have a number of favorable factors helping to offset these trends," he ...