Strong revenue performance in North America helped boost Global Payments Inc.’s fiscal fourth-quarter revenue by 22.3%, to $519.8 million from $425.1 million during the same period last year, the Atlanta-based merchant processor announced July 21.
Net income for the period ended May 31 was up 71.3%, to $58.6 million from $34.2 million.
U.S. revenue rose 15.9%, to $281.5 million from $242.9 million, while revenue from Canada grew 7.9%, to $87.1 million from $80.7 million.
Bolstered by the company’s entrance into Spain in December, revenue in Europe totaled $115.3 million, up 59.5% from $72.3 million.
Asia-Pacific revenue totaled $35.7 million, up 22.2% from $29.2 million.
“We delivered exceptional results in the fourth quarter, driven by strong performance in North America and outstanding results in our international segment,” Paul Garcia, Global Payments chairman and CEO, noted in a press release announcing the quarter’s earnings.
