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Actionable news in TSS: TOTAL SYSTEM SERVICES Inc,

Total System Services, Inc

The following excerpt is from the company's SEC filing.

One TSYS Way

P.O. Box 2567

Columbus, GA 31902-2567

+1.706.649.2307

+1.706.649.5740

www.tsys.com

For immediate release:

Contacts:

Shawn Roberts

TSYS Investor Relations

+1.706.644.6081

shawnroberts@tsys.com

TSYS Reports Third Quarter Adjusted EPS Grew 40.2%

Raises 2015 Adjusted EPS and Revenue Guidance

COLUMBUS, Ga., October 27, 2015

TSYS (NYSE: TSS) today reported results for the third quarter and year to date.

We are very pleased with our outstanding third quarter results. These exceptional re sults were driven by the performance of our clients, the businesses we serve, the consumers who buy and use our products and our team members executing to our strategic plan, said M. Troy Woods, chairman, president and chief executive officer of TSYS.

As a result of this continued strong performance, we are raising our guidance range for revenues before reimbursables to

12-13%,

up from the previous range of 10-12%, and our adjusted earnings per share (EPS) guidance range to 24-26%, up from the previous range of 15-17%, said Woods.

Highlights for the third quarter of 2015 include:

Adjusted EPS from continuing operations were $0.78, an increase of 40.2%. On a GAAP basis, basic EPS from continuing operations were $0.66, an increase of 46.7%.

Excluding the impact from discrete tax items of approximately $0.13 per share in the quarter, adjusted EPS was $0.65, an increase of 17.2%.

Income from continuing operations attributable to TSYS shareholders was $120.6 million, an increase of 45.5%.

Adjusted EBITDA was $238.9 million, an increase of 20.6%.

Total revenues for the quarter were $707.9 million, an increase of 14.8%. Revenues before reimbursable items were $636.4 million, an increase of 15.1%.

Adjusted operating margin was 31.0%. GAAP operating margin was 23.0%.

TSYS Reports Third Quarter Adjusted EPS Grew 40.2%

Highlights for the first nine months of 2015 include:

Adjusted EPS from continuing operations were $1.89, an increase of 36.8%. On a GAAP basis, basic EPS from continuing operations were $1.53, an increase of 48.2%.

Excluding the impact from discrete tax items of approximately $0.13 per share year to date, adjusted EPS was $1.76, an increase of 27.5%.

Income from continuing operations attributable to TSYS shareholders was $281.2 million, an increase of 46.5%.

Adjusted EBITDA was $638.9 million, an increase of 23.2%.

Total revenues were $2.1 billion, an increase of 13.8%. Revenues before reimbursable items were $1.9 billion, an increase of 14.2%.

Adjusted operating margin was 27.9%. GAAP operating margin was 20.2%.

Our year-to-date free cash flow increased 45.8% over 2014 to $324.4 million. With this build-up of cash during the quarter, we plan to continue our strategic goal of returning approximately 75% of available free cash flow to our shareholders in the form of dividends and share repurchases, said Woods.

2015 Revised Financial Outlook

(in millions, except per

share amounts)

Percent

Change

$2,728 to $2,746

11% to 12%

$2,463 to $2,473

12% to 13%

Adjusted EPS attributable to TSYS common shareholders from continuing operations*

$2.43 to $2.47

24% to 26%

* Average Basic Weighted Shares

Note: The impact of any future share repurchases is not included.

Conference Call

TSYS will host its quarterly conference call at 5:00 p.m. ET on Tuesday, October 27. The conference call can be accessed via simultaneous Internet broadcast at

by clicking on the link under Webcasts on the main homepage. The replay will be archived for 12 months and will be available approximately 30 minutes after the completion of the call. A slide presentation to accompany the call will be available by clicking on the link under Webcasts on the main homepage of

Non-GAAP Measures

This press release contains information prepared in conformity with GAAP as well as non-GAAP information. It is managements intent to provide non-GAAP financial information to enhance understanding of its consolidated financial information as prepared in accordance with GAAP. This non-GAAP information should be considered by the reader in addition to, but not instead of, the financial statements prepared in accordance with GAAP. Each non-GAAP financial measure and the most directly comparable GAAP financial measure are presented so as not to imply that more emphasis should be placed on the non-GAAP measure. The non-GAAP financial information presented may be determined or calculated differently by other companies.

Additional information about non-GAAP financial measures, including, but not limited to, adjusted EBITDA and adjusted EPS, and a reconciliation of those measures to the most directly comparable GAAP measures are included on pages 9 to 12 of this release.

About TSYS

At TSYS

(NYSE: TSS), we believe payments should revolve around people, not the other way around. We call this belief People-Centered Payments

. By putting people at the center of every decision we make, TSYS supports financial institutions, businesses and governments in more than 80 countries. Through NetSpend

, A TSYS Company, we empower consumers with the convenience, security, and freedom to be self-banked. TSYS offers issuer services and merchant payment acceptance for credit, debit, prepaid, healthcare and business solutions.

TSYS headquarters are located in Columbus, Ga., U.S.A., with local offices spread across the Americas, EMEA and Asia-Pacific. TSYS is a member of The Civic 50 and has been named one of the 2015 Worlds Most Ethical Companies by Ethisphere magazine. TSYS routinely posts all important information on its website. For more, please visit us at

Forward-Looking Statements

This press release contains forward-looking statements that is, statements related to future, not past, events. Forward-looking statements often address our expected future business and financial performance and often contain words such as expect, anticipate, intend, believe, should, plan, potential, will, could, and similar expressions. These forward-looking statements include, among others, statements regarding TSYS plan to continue its strategic goal of returning approximately 75% of available free cash flow to shareholders and regarding TSYS revised earnings guidance for 2015 total revenues, revenues before reimbursable items and adjusted EPS, and the assumptions underlying such statements. These statements are based on the current beliefs and expectations of TSYS management, are based on managements assumptions and are subject to significant risks and uncertainties. Actual results may...


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