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TSYS REPORTS 15.6 PERCENT INCREASE IN NET INCOME FOR THE SECOND QUARTER

TSYS REPORTS 15.6 PERCENT INCREASE IN NET INCOME FOR THE SECOND QUARTER
 COLUMBUS, Ga., July 6 /PRNewswire/ -- Total System Services, Inc. (NYSE: TSS), the Columbus, Ga.-based bankcard data processing company, today announced revenues and net income for the second quarter of 1992.
 Net income for the second quarter increased 15.6 percent to $3,995,609, or $.25 per share, up from $3,457,589, or $.22 per share, for the same period last year. Revenues for the second quarter of 1992 were $30.8 million, an increase of 12.1 percent, compared with revenues of $27.5 million reported for the second quarter of 1991.
 Net income for the first six months of 1992 increased 15.2 percent to $7,411,433, or $.47 per share, up from $6,433,420, or $.40 per share, for the same period last year. Revenues for the first six months of 1992 were $60.3 million, an increase of 14.4 percent, compared with revenues of $52.7 million reported for the first six months of 1991.
 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 performance for the second quarter and the first six months of 1992. Our operating efficiencies improved as we continued to increase our utilization of capacities. We believe the remaining months of this year will bring an improving economy and we anticipate excellent financial performance by TSYS in 1992."
 TOTAL SYSTEM SERVICES INC.
 Financial Highlights
 (In thousands, except per-share data)
 Pct.
 3 months ended 6/30/92 6/30/91 inc.
 Revenues $ 30,782 $ 27,468 12.1
 Expenses 24,111 21,576 11.7
 Operating income 6,671 5,892 13.2
 Other income (deductions) (291) (400) (27.1)
 Income before income taxes 6,380 5,492 16.2
 Income taxes 2,384 2,034 17.2
 Net income $ 3,996 $ 3,458 15.6
 Net income per share $ .25 $ .22 15.1
 Average shares outstanding 15,956,722 15,891,222
 Pct.
 6 months ended 6/30/92 6/30/91 inc.
 Revenues $ 60,332 $ 52,715 14.4
 Expenses 47,892 42,100 13.8
 Operating income 12,440 10,615 17.2
 Other income (deductions) (619) (321) (93.1)
 Income before income taxes 11,821 10,294 14.8
 Income taxes 4,410 3,861 14.2
 Net income $ 7,411 $ 6,433 15.2
 Net income per share $ .47 $ .40 14.9
 Average shares outstanding 15,938,277 15,891,233
 NM - not meaningful
 -0- 7/6/91
 /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


EA-BR -- AT003 -- 6558 07/06/92 10:44 EDT
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Publication:PR Newswire
Date:Jul 6, 1992
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