Profits Rise At TSYS

Published January 19, 2006, 1:00 a.m. EST

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Updated August 27, 2020, 2:19 a.m. EDT

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COLUMBUS, Ga. - (01/19/06) TSYS, the nations secondlargest transactions processor, said Wednesday that net incomeclimbed in its fourth quarter by 16% compared to the same period in2004, to $49.7 million, or 25 cents a share. As a result, fiscalyear earnings soared 29% compared to 2004, to $195.6 million, or 99cents a share. Fourth quarter revenues surged 37%, to $420.7million, due in large part to the companys acquisition of a34% stake in Chinas Union PayData Co. As a result, fiscalyear revenues rose 33% to $1.6 billion.

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