Global Payments Inc. announced unaudited consolidated earnings results for the second quarter and six months ended November 30, 2016. For the quarter, the company reported revenue of $941,821,000 against $722,350,000 a year ago. Operating income was $105,267,000 against $123,165,000 a year ago. Income before income taxes was $54,172,000 against $110,331,000 a year ago. Net income attributable to company was $49,452,000 or $0.32 per diluted share against $78,771,000 or $0.60 per diluted share a year ago. Adjusted net revenue was $817,188,000 against $518,302,000 a year ago. Adjusted operating income was $240,819,000 against $153,208,000 a year ago. Adjusted net income was $136,618,000 or $0.89 per diluted share against $99,501,000 or $0.76 per diluted share a year ago.

For the six months, the company reported revenue of $1,881,313,000 against $1,471,146,000 a year ago. Operating income was $226,373,000 against $260,937,000 a year ago. Income before income taxes was $174,675,000 against $236,002,000 a year ago. Net income attributable to company was $134,545,000 or $0.87 per diluted share against $165,418,000 or $1.27 per diluted share a year ago. Adjusted net revenue was $1,634,443,000 against $1,055,255,000 a year ago. Adjusted operating income was $481,536,000 against $316,776,000 a year ago. Adjusted net income was $270,300,000 or $1.75 per diluted share against $202,530,000 or $1.55 per diluted share a year ago. Net cash provided by operating activities was $193,543,000 against $454,070,000 a year ago. Capital expenditures were $83,268,000 against $36,246,000 a year ago.

For calendar 2017, the company expects reported adjusted net revenue of $3.35 to $3.45 billion, representing estimated growth of 18% to 21% over its calendar 2016 estimate, or 20% to 24% on a constant currency basis. The company further expects reported adjusted earnings per share of $3.70 to $3.90, which represents estimated growth of 16% to 23% over its calendar 2016 estimate, or 21% to 27% on a constant currency basis. Calendar 2017 adjusted earnings per share expectations represents annualized growth of approximately 17% relative to the company's last fiscal 2017 guide, or approximately 20% on a constant currency basis. The company expects GAAP revenue $3.76 billion to $3.86 billion and GAAP diluted EPS of $2.20 to $2.40. Effective tax rate for calendar 2017 is projected to approach 28%.