Global Payments Inc. Announces Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended November 30, 2014; Provides Earnings Guidance for Fiscal 2015; Announces Dividend for the Second Quarter Ended November 30, 2014, Payable on February 27, 2015
January 08, 2015 at 07:00 am
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Global Payments Inc. announced unaudited consolidated financial results for the second quarter and six months ended November 30, 2014. For the quarter, the company announced revenues grew 10% to $697.3 million, compared to $634.1 million in the second quarter of fiscal 2014. Diluted earnings per share were $1.10, compared to $1.02 in the second quarter of fiscal 2014. Operating income was $123,984,000 against $111,907,000 for the same period of last year. Income before income taxes was $114,916,000 against $109,170,000 for the same period of last year. Net income attributable to the company was $74,781,000 against $73,897,000 for the same period of last year. Capital expenditures totaled $15 million for the quarter.
For the six months, revenues were $1,402,186,000 against $1,263,807,000 for the same period of last year. Operating income was $248,382,000 against $219,291,000 for the same period of last year. Income before income taxes was $229,496,000 against $212,013,000 for the same period of last year. Net income attributable to the company was $150,147,000 against $138,540,000 for the same period of last year. Earnings per diluted share were $2.20 against $1.88 for the same period of last year. Net cash provided by operating activities was $226,936,000 against $411,683,000 for the same period of last year. Capital expenditures were $33,290,000 against $41,178,000 for the same period of last year.
The company is raising its annual fiscal 2015 revenue outlook to $2.75 billion to $2.80 billion, or 8% to 10% growth. In addition, the company is increasing its outlook for annual fiscal 2015 diluted earnings per share on a cash basis to a range of $4.75 to $4.83, reflecting growth of 15% to 17% over fiscal 2014, and annual fiscal 2015 GAAP diluted earnings per share is expected to be in the range of $3.99 to $4.07. The company also now expects annual fiscal 2015 core cash operating margins to expand by as much as 50 basis points.
The company's board of directors approved a fiscal 2015 second quarter dividend of $0.02 per share payable on February 27, 2015 to shareholders of record as of February 13, 2015.
Global Payments Inc. specializes in the design and development of payment solutions and services. The group serves merchants, e-commerce companies, financial institutions and gaming operators with integrated solutions for payment processing acceptance and payment cards transactions (credit cards, debit cards, online payment cards, prepaid cards, etc.) through all sales channels (Internet, mobile phone and retail outlets).
Net sales are distributed geographically as follows: Americas (81.4%), Europe (15.9%) and Asia/Pacific (2.7%).
Global Payments Inc. Announces Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended November 30, 2014; Provides Earnings Guidance for Fiscal 2015; Announces Dividend for the Second Quarter Ended November 30, 2014, Payable on February 27, 2015