Global Payments Inc. (GPN, Financial) filed Quarterly Report for the period ended 2008-11-30.
Global Payments Inc. is a leading provider of electronic transaction processing services for consumers merchants Independent Sales Organizations financial institutions government agencies and multi- national corporations located throughout the United States Canada Latin America and Europe. Global Payments offers a comprehensive line of processing solutions for credit and debit cards business-to-business purchasing cards gift cards electronic check conversion and check guarantee verification and recovery as well as terminal management. The company also provides consumer money transfer services from the U.S. and Europe to destinations in Latin America Morocco and the Philippines. Global Payments Inc. has a market cap of $2.64 billion; its shares were traded at around $35.23 with a P/E ratio of 16 and P/S ratio of 2.08. The dividend yield of Global Payments Inc. stocks is 0.24%. Global Payments Inc. had an annual average earning growth of 17.5% over the past 5 years.
Consolidated operating income increased 42% to $82.8 million for the three months ended November 30, 2008, which resulted in an operating margin of 20.6% for the three months ended November 30, 2008. Consolidated operating income increased 41% to $175.9 million for the six months ended November 30, 2008, which resulted in an operating margin of 21.8% for the six months ended November 30, 2008.
Net income increased 28% to $48.9 million in the three months ended November 30, 2008 compared to the prior years comparable period, resulting in a 25% increase in diluted earnings per share to $0.60 in the three months ended November 30, 2008 compared to the prior years comparable period. Net income increased 30% to $106.4 million in the six months ended November 30, 2008 compared to the prior years comparable period, resulting in a 30% increase in diluted earnings per share to $1.31 in the six months ended November 30, 2008 compared to the prior years comparable period.
North America merchant services segment revenue increased 12% to $270.8 million in the three months ended November 30, 2008. North America merchant services segment operating income increased 9% to $72.4 million in the three months ended November 30, 2008, with operating margins of 26.7% and 27.4% for the three months ended November 30, 2008 and 2007, respectively. North America merchant services segment revenue increased 14% to $557.4 million in the six months ended November 30, 2008. North America merchant services segment operating income increased 13% to $155.5 million in the six months ended November 30, 2008, with operating margins of 27.9% and 28.1% for the six months ended November 30, 2008 and 2007, respectively.
International merchant services segment revenue increased 192% to $95.1 million in the three months ended November 30, 2008. International merchant services segment operating income increased 332% to $21.0 million in the three months ended November 30, 2008, with operating margins of 22.0% and 14.9% for the three months ended November 30, 2008 and 2007, respectively. International merchant services segment revenue increased 184% to $177.4 million in the six months ended November 30, 2008. International merchant services segment operating income increased 314% to $41.4 million in the six months ended November 30, 2008, with operating margins of 23.3% and 16.0% for the six months ended November 30, 2008 and 2007, respectively.
Money transfer segment revenue increased 2% to $35.2 million in the three months ended November 30, 2008. Money transfer segment operating income increased 294% to $4.9 million in the three months ended November 30, 2008, with operating margins of 13.9% and 3.6% for the three months ended November 30, 2008 and 2007, respectively. Money transfer segment revenue increased 4% to $72.0 million in the six months ended November 30, 2008. Money transfer segment operating income increased 89% to $9.4 million in the six months ended November 30, 2008, with operating margins of 13.0% and 7.2% for the six months ended November 30, 2008 and 2007, respectively.
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Gurus buys and sells of GPN
10-year financial history of GPN.
Insider buys/sells of GPN.
Global Payments Inc. is a leading provider of electronic transaction processing services for consumers merchants Independent Sales Organizations financial institutions government agencies and multi- national corporations located throughout the United States Canada Latin America and Europe. Global Payments offers a comprehensive line of processing solutions for credit and debit cards business-to-business purchasing cards gift cards electronic check conversion and check guarantee verification and recovery as well as terminal management. The company also provides consumer money transfer services from the U.S. and Europe to destinations in Latin America Morocco and the Philippines. Global Payments Inc. has a market cap of $2.64 billion; its shares were traded at around $35.23 with a P/E ratio of 16 and P/S ratio of 2.08. The dividend yield of Global Payments Inc. stocks is 0.24%. Global Payments Inc. had an annual average earning growth of 17.5% over the past 5 years.
Highlight of Business Operations:
Revenues increased 30% to $401.1 million in the three months ended November 30, 2008 compared to the prior years comparable period. Revenues increased 30% to $806.8 million in the six months ended November 30, 2008 compared to the prior years comparable period. This revenue growth was primarily due to growth in our North America merchant services segment in addition to our June 30, 2008 acquisition of 51% of HSBC Merchant Services LLP in our International merchant services segment.Consolidated operating income increased 42% to $82.8 million for the three months ended November 30, 2008, which resulted in an operating margin of 20.6% for the three months ended November 30, 2008. Consolidated operating income increased 41% to $175.9 million for the six months ended November 30, 2008, which resulted in an operating margin of 21.8% for the six months ended November 30, 2008.
Net income increased 28% to $48.9 million in the three months ended November 30, 2008 compared to the prior years comparable period, resulting in a 25% increase in diluted earnings per share to $0.60 in the three months ended November 30, 2008 compared to the prior years comparable period. Net income increased 30% to $106.4 million in the six months ended November 30, 2008 compared to the prior years comparable period, resulting in a 30% increase in diluted earnings per share to $1.31 in the six months ended November 30, 2008 compared to the prior years comparable period.
North America merchant services segment revenue increased 12% to $270.8 million in the three months ended November 30, 2008. North America merchant services segment operating income increased 9% to $72.4 million in the three months ended November 30, 2008, with operating margins of 26.7% and 27.4% for the three months ended November 30, 2008 and 2007, respectively. North America merchant services segment revenue increased 14% to $557.4 million in the six months ended November 30, 2008. North America merchant services segment operating income increased 13% to $155.5 million in the six months ended November 30, 2008, with operating margins of 27.9% and 28.1% for the six months ended November 30, 2008 and 2007, respectively.
International merchant services segment revenue increased 192% to $95.1 million in the three months ended November 30, 2008. International merchant services segment operating income increased 332% to $21.0 million in the three months ended November 30, 2008, with operating margins of 22.0% and 14.9% for the three months ended November 30, 2008 and 2007, respectively. International merchant services segment revenue increased 184% to $177.4 million in the six months ended November 30, 2008. International merchant services segment operating income increased 314% to $41.4 million in the six months ended November 30, 2008, with operating margins of 23.3% and 16.0% for the six months ended November 30, 2008 and 2007, respectively.
Money transfer segment revenue increased 2% to $35.2 million in the three months ended November 30, 2008. Money transfer segment operating income increased 294% to $4.9 million in the three months ended November 30, 2008, with operating margins of 13.9% and 3.6% for the three months ended November 30, 2008 and 2007, respectively. Money transfer segment revenue increased 4% to $72.0 million in the six months ended November 30, 2008. Money transfer segment operating income increased 89% to $9.4 million in the six months ended November 30, 2008, with operating margins of 13.0% and 7.2% for the six months ended November 30, 2008 and 2007, respectively.
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Gurus who own GPN
GPN is in the portfolios of Richard Aster Jr, John Hussman, John Hussman. More on GPN:Gurus buys and sells of GPN
10-year financial history of GPN.
Insider buys/sells of GPN.
