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TSYS REPORTS 20.2 PERCENT INCREASE IN NET INCOME FOR 1991

 TSYS REPORTS 20.2 PERCENT INCREASE IN NET INCOME FOR 1991
 COLUMBUS, Ga., Jan. 6 /PRNewswire/ -- Total System Services, Inc. (NYSE: TSS), the Columbus, Ga.-based bankcard data processing company, today announced record revenues and net income for the three months and year ended Dec. 31, 1991.
 Net income for the fourth quarter of 1991 increased 30.2 percent to $4,892,641, or $.31 per share, up from $3,758,489, or $.24 per share, for the same period last year. Revenues for the fourth quarter of 1991 were $30.7 million, an increase of 19.1 percent, compared with revenues of $25.8 million reported for the fourth quarter of 1990.
 Net income for 1991 increased 20.2 percent to $15,211,956, or $.96 per share, up from $12,655,479, or $.80 last year. Revenues for the year were $112.4 million, an increase of 34.0 percent, compared with revenues of $83.9 million reported for 1990.
 Commenting on the company's record performance, Richard W. Ussery, president and chief executive officer of TSYS, stated: "We are extremely pleased with our strong financial performance in 1991. During the year, we completed occupation of our new production center in north Columbus and have begun to realize operating efficiencies associated with the consolidation of our facilities. Our cardholder base continues to grow, and we are optimistic about the continued strong earnings potential of TSYS and anticipate record revenues and net income again in 1992."
 TOTAL SYSTEM SERVICES, INC.
 Financial Highlights
 (In thousands, except per-share data)
 Pct.
 3 months ended 12/31/91 12/31/90 inc.
 Revenues $ 30,700 $ 25,779 19.1
 Expenses 22,502 20,051 12.2
 Operating income 8,198 5,728 43.1
 Other income (deductions) (410) 123 NM
 Income before income taxes 7,788 5,851 33.1
 Income taxes 2,895 2,093 38.3
 Net income $ 4,893 $ 3,758 30.2
 Net income per share $ .31 $ .24 30.2
 Average shares outstanding 15,891,222 15,893,222
 Pct.
 12 months ended 12/31/91 12/31/90 inc.
 Revenues $ 112,361 $ 83,865 34.0
 Expenses 86,937 64,850 34.1
 Operating income 25,424 19,015 33.7
 Other income (deductions) (1,151) 1,255(a) NM
 Income before income taxes 24,273 20,270 19.7
 Income taxes 9,061 7,615 19.0
 Net income $ 15,212 $ 12,655 20.2
 Net income per share $ .96 $ .80 20.2
 Average shares outstanding 15,891,227 15,892,337
 (a) Includes $258,000 nonrecurring gain on the sale of Bank Data Processing Division in 1990.
 NM - not meaningful
 -0- 1/6/92
 /CONTACT: Kenneth E. Evans, executive vice president, 404-649-4457, or James B. Lipham, chief financial officer, 404-649-2262, both of Total System Services/
 (TSS) CO: Total System Services, Inc. ST: Georgia IN: FIN SU: ERN


BR -- AT012 -- 6963 01/06/92 14:09 EST
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Publication:PR Newswire
Date:Jan 6, 1992
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