Tsys reports 13% rise in Q3 net income

Source: Tsys

TSYS today announced that its net income for the third quarter increased 13% over third quarter 2005, and the first nine months of 2006 exceeded the same period in 2005 by 12%. TSYS now expects to achieve 2006 earnings growth in the range of 26-28%, compared to previous guidance of 21-23%.

"The earnings reported through the third quarter of 2006 are impressive considering the challenges we have faced during the year and demonstrates the strong commitment of our team to grow our company through efficient alignment of our people resources to our business needs and the expansion of our global business," said Philip W. Tomlinson, chairman and chief executive officer of TSYS.

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