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Article: ISO Sales Aid Global Payments.(Cards)(Global Payments Inc.'s sales report)(Financial report)
- Article from:
- American Banker
- Article date:
- October 5, 2009
- Author:
CopyrightCOPYRIGHT 2009 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Meghan Boyer
Robust performance in the U.S. independent sales organization channel and benefits from international acquisitions helped bolster Global Payments Inc.'s fiscal first-quarter results despite tough economic conditions.
The Atlanta processor reported net income of $57.8 million for the quarter, up 0.5% from the same period a year earlier. Revenue increased 8.7%, to $441.3 million.
"Macroeconomic conditions have caused our average ticket amounts to decline across all of our geographies compared to prior year, with the U.S. experiencing the greatest decline in average ticket," Paul Garcia, Global Payments' chairman and chief ...