Global Payments Reports Results for Third Quarter 2019 and Increases 2019 Outlook
Summary
ATLANTA--(BUSINESS WIRE)--Global Payments Inc. (NYSE: GPN) today announced results for the third quarter ended September 30, 2019. “We are also delighted to have closed our industry defining partnership with TSYS, and our ongoing integration work provides us with the confidence to now raise our synergy expectations for the combination.” “And we are further advancing our technology-enabled strategies and solidifying our leadership position in payments globally. Our new partnerships with Desjardins, one of Canada’s leading financial institutions, and Citi, among the largest money center banks globally, validate our pure play payments focus,” Sloan continued. Our technologies, services and employee expertise enable us to provide a broad range of solutions that allow our customers to operate their businesses more efficiently across a variety of channels in many markets around the world. Adjusted net revenue excludes gross-up related payments associated with certain lines of business to reflect economic benefits to the company.