Email Contact Phone Company Visit Website

Global Payments UK Office Head Office

51 De Montfort Street
Leicester
GB

Telephone

+44 (0) 20 7593 2942

Contact

Catherine Martin
[email protected]
Back to all Global Payments announcements

Global Payments Reports First Quarter Earnings

Increases Annual Fiscal 2015 Revenue, Margin and Cash EPS Outlook 

Global Payments Inc. (NYSE: GPN) today announced results for its fiscal first quarter ended August 31, 2014.

"We are delighted with our performance for the first quarter, which represents an excellent start to our 2015 fiscal year and further demonstrates the success of our focus on solid business execution and disciplined capital deployment," said Jeff Sloan, Chief Executive Officer. "We continue to expand our direct distribution globally and are enthusiastic about our agreements to acquire Ezidebit and Fidelity National Information Services' gaming business. Both of these transactions underscore our strategy to drive direct sales growth in attractive markets, deliver innovative products and solutions and leverage technological advantages."

First Quarter 2015 Summary

  • Revenues grew 12% to $704.9 million, compared to $629.7 million in the first quarter of fiscal 2014.
  • Cash diluted earnings per share¹ grew 22% to $1.22, compared to $1.00 in the first quarter of fiscal 2014.
  • GAAP diluted earnings per share were $1.10, compared to $0.87 in the first quarter of 2014.

2015 Outlook

Cameron Bready, Executive Vice President and Chief Financial Officer, stated, "As a result of our strong first quarter performance and the anticipated closing of the Ezidebit transaction during our fiscal second quarter, we are raising our annual fiscal 2015 revenue outlook to $2.74 billion to $2.79 billion, or 7% to 9% percent growth. In addition we are increasing our outlook for annual fiscal 2015 diluted earnings per share on a cash basis to a range of $4.65 to $4.75, reflecting growth of 13% to 15% over fiscal 2014, and annual fiscal 2015 GAAP diluted earnings per share is expected to be in the range of $3.89 to $3.99. We also now expect annual fiscal 2015 core cash operating margins to expand by as much as 40 basis points."

First Quarter 2015 Dividend

Global Payments' board of directors approved a fiscal 2015 first quarter dividend of $0.02 per common share payable November 28, 2014 to shareholders of record as of November 14, 2014.

 

¹See Schedule 2 for cash earnings and Schedules 6 and 7 for reconciliations of historical cash earnings to GAAP.