TSYS Stays Vital In SecondQuarter

July 22, 2005, 1:00 a.m. EDT 1 Min Read

COLUMBUS, Ga. - (07/21/05) -- TSYS, the second largest processorof card transactions, said second quarter earnings jumped 41% to$50.6 million, or 26 cents a share, based on its March acquisitionof Vital Processing Services. Second quarter revenue was $410.2million, compared to $289.6 million for the same period last year.Among the second quarter highlights was a renewed five-yearprocessing contract with Navy FCU, the nation's largest creditunion. Through six months, the company had net income of $96.8million, or 49 cents a share, on $760.2 million in revenue,compared with net income of $68.4 million and 35 cents a share on$574.9 million in revenue for the first half last year.

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