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TSYS REPORTS 15.0 PERCENT INCREASE IN NET INCOME FOR THE THIRD QUARTER

 COLUMBUS, Ga., Oct. 4 /PRNewswire/ -- Total System Services, Inc. (NYSE: TSS), the Columbus-based bankcard data processing company, today announced revenues and net income for the third quarter of 1993.
 Net income for the third quarter increased 15.0 percent to $5,188,304, or $.16 per share, up from $4,509,775, or $.14 per share, for the same period last year. Revenues for the third quarter of 1993 were $38.8 million, an increase of 14.1 percent, compared with revenues of $34.0 million reported for the third quarter of 1992.
 Net income for the first nine months of 1993 increased 16.5 percent to $13,886,910, or $.43 per share, up from $11,921,208, or $.37 per share, for the same period last year. Revenues for the first nine months of 1993 were $110.9 million, an increase of 17.5 percent, compared with revenues for $94.3 million reported for the first nine months of 1992.
 Commenting on the company's performance, Richard W. Ussery, chairman of the board and chief executive officer of TSYS, stated: "We are extremely pleased with our results for the third quarter and first nine months of 1993. Our alpha test of TS2 continues to be successful and we anticipate another excellent year for TSYS."
 TOTAL SYSTEM SERVICES, INC.
 Financial Highlights
 (In thousands, except per-share data)
 3 months ended 9/30/93 9/30/92 Pct. inc.
 Revenues $ 38,789 $ 34,010 14.1
 Expenses 30,157 26,525 13.7
 Operating income 8,632 7,485 15.3
 Other income (deductions) 3 (278) nm
 Income before income taxes 8,635 7,207 19.8
 Income taxes 3,447 2,697 27.8
 Net income $ 5,188 $ 4,510 15.0
 Net income per share $ .16 $ .14 14.0
 Average shares outstanding 32,202,820 32,148,542
 9 months ended 9/30/93 9/30/92 Pct. inc.
 Revenues $ 110,882 $ 94,342 17.5
 Expenses 88,361 74,417 18.7
 Operating income 22,521 19,925 13.0
 Other income (deductions) 65 (897) nm
 Income before income taxes 22,586 19,028 18.7
 Income taxes 8,699 7,107 22.4
 Net income $ 13,887 $ 11,921 16.5
 Net income per share $ .43 $ .37 15.6
 Average shares outstanding 32,202,820 31,967,521
 nm -- not meaningful
 -0- 10/4/93
 /CONTACT: Kenneth E. Evans, vice chairman of the board, 706-649-4457, or James B. Lipham, chief financial officer, 706-649-2262, both of TSYS/
 (TSS)


CO: Total System Services, Inc. ST: Georgia IN: FIN SU: ERN

BR-RA -- AT005 -- 8380 10/04/93 13:08 EDT
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Publication:PR Newswire
Date:Oct 4, 1993
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