Total System Services Inc. said its income surged during the second quarter of 2017 based on continued revenues that totaled $1.2 billion, up 6.1% from $1.5 billion a year earlier.
“These results are all organic, as this is the first quarter that the
Net revenue during the quarter, excluding reimbursable items, interchange and assessment expenses reached $844.1 million, up 6.2% over $795 million last year, the Columbus, Ga.-based payments processor and technology provider said in the release.
Combined with a substantial reduction of its debt, TSYS’ revenues drove net income during the quarter of $115 million, up 65% compared with $69.7 million in 2016.
TSYS, which earlier this year completed a series of
