{"id":11139,"date":"2013-10-24T08:52:10","date_gmt":"2013-10-24T12:52:10","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=11139"},"modified":"2013-10-24T08:52:10","modified_gmt":"2013-10-24T12:52:10","slug":"total-system-services-inc-nysetss-releases-third-trimester-results","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/total-system-services-inc-nysetss-releases-third-trimester-results-11139","title":{"rendered":"Total System Services, Inc. (NYSE:TSS) releases third trimester results"},"content":{"rendered":"<div style=\"text-align: justify;\">\n<div>Total System Services, Inc. (NYSE:TSS) has released its income report for the third trimester. The report also included the running report of NetSpend which it had acquired in July this year.<\/div>\n<\/div>\n<p style=\"text-align: justify;\">A snapshot of the results compared to the same period last year:<\/p>\n<p style=\"text-align: justify;\">Its total income this year was $588.1 million, which is a rise of 25.6%.\u00a0 The total income was influenced by a negative currency translation of $6.4 million.<\/p>\n<p style=\"text-align: justify;\">Income before items that were to be paid back was $527.0 million, which was a rise of 29.8. It\u2019s amended EBITDA* was $182.1 million, a rise of 32.1%.<\/p>\n<p style=\"text-align: justify;\">Speaking on the results, Philip W. Tomlinson, chairman and chief executive officer stated &#8220;This trimester is the first time when the income of\u00a0 NetSpend has been included to our total\u00a0 financial account as a forth operating business. The income was excellent and the rise of 22.2% over what we earned last year in the same period makes it very important for us.\u201d He added further, \u201c the total cash in our hand remaining is very good and we have used over $60 million to reduce our loans as we go towards our objective of cutting down our debt to EBITDA ratio. We shall continue to use the income to reduce our loans\u00a0 so that we can use the money to buy other companies and buy back our shares.\u201d The company will host a trimester conference call on Tuesday. People can log into the call at the same time on the internet by going to\u00a0 <i>tsys.com<\/i> by clicking on the link under &#8220;Webcasts&#8221; on the main page. The call will remain in the archives for the next 12 month and a replay can be accesse4d 30 minutes after the call ends. The call will have a slide presentation which can be accessed by going to the webcasts section on the main page of <i>tsys.com<\/i>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Total System Services, Inc. (NYSE:TSS) has released its income report for the third trimester. The report also included the running report of NetSpend which it [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":10478,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[3669,3668,3667],"stock_ticker":[],"class_list":["post-11139","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-nysetss","tag-total-system-services-inc","tag-total-system-services-inc-nysetss","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Total System Services, Inc. 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