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Global Payments Inc. is lowering its revenue outlook for 2009, the transaction processor said earlier this week. Paul R. Garcia, chairman and CEO of the Atlanta-based company, told analysts during a conference call about Global's fiscal second-quarter results that Global now forecasts 2009 revenue to be between $1.55 billion and $1.58 billion, a 22% to 24.4% growth rate from $1.27 billion last year. This revised guidance is down from the first-quarter forecast of $1.64 billion to $1.68 billion in 2009 revenue. Global's income for fiscal 2008, which ended May 31, grew 14%, to $163 million from $143 million at the end of fiscal 2007, while revenues increased 19.8%, to $1.27 billion from $1.06 billion.
