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TSYS REPORTS 14.8 PERCENT INCREASE IN NET INCOME FOR THE FIRST QUARTER

TSYS REPORTS 14.8 PERCENT INCREASE IN NET INCOME FOR THE FIRST QUARTER
 COLUMBUS, Ga., April 6 /PRNewswire/ -- Total System Services, Inc. (NYSE: TSS), the Columbus, Ga.-based bankcard data processing company, today announced revenues and net income for the first quarter of 1992.
 Net income for the first quarter increased 14.8 percent to $3,415,824, or $.21 per share, up from $2,975,831, or $.19 per share, for the same period last year. Revenues for the first quarter of 1992 were $29.6 million, an increase of 17.0 percent, compared with revenues of $25.2 million reported for the first quarter of 1991.
 Commenting on the company's performance, Richard W. Ussery, chairman of the board and chief executive officer of TSYS, stated: "We are pleased with our strong performance for the first quarter of 1992. With improving consumer confidence and growth in the national economy, we anticipate another excellent year for TSYS."
 TOTAL SYSTEM SERVICES, INC.
 Financial Highlights
 (In thousands, except per-share data)
 3 months ended 3/31/92 3/31/91 Pct. chg.
 Revenues $ 29,550 $ 25,247 17.0
 Expenses 23,781 20,524 15.9
 Operating income 5,769 4,723 22.1
 Other income (deductions) (327) 80 (512.5)
 Income before income taxes 5,442 4,803 13.3
 Income taxes 2,026 1,827 10.9
 Net income $ 3,416 $ 2,976 14.8
 Net income per share $ .21 $ .19 14.6
 Average shares outstanding 15,919,831 15,891,244
 -0- 4/6/92
 /CONTACT: Kenneth E. Evans, vice chairman of the board, 404-649-4457, or James B. Lipham, chief financial officer, 404-649-2262, both of TSYS/
 (TSS) CO: Total System Services, Inc. ST: Georgia IN: FIN SU: ERN


BN-BR -- AT009 -- 5415 04/06/92 13:57 EDT
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Publication:PR Newswire
Date:Apr 6, 1992
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