TSYS Provides 2011 Guidance of 9% - 11% EPS Growth and Reports 2010 Fourth Quarter and Full Year Financial Results

TSYS TSS today reported results for the fourth quarter and full-year of 2010 that were in-line with consensus estimates for earnings per share (EPS). For the fourth quarter, total revenues were $440.0 million, an increase of 1.7% over 2009. Basic EPS from continuing operations were $0.24, down $0.07 or 20.9%. Excluding termination fees in the fourth quarter of 2009, total revenues were up 6.0% and basic EPS from continuing operations were down 3.2%. For the year 2010, total revenues were $1.7 billion, up 2.4% over 2009. Basic EPS from continuing operations were $1.00, down $0.12 or 10.7%. Excluding termination fees in 2009 and 2010, total revenues were up 3.0% and basic EPS from continuing operations were down 9.1%. TSYS' 2011 guidance includes revenues before reimbursable growth of 3% - 5% and basic EPS from continuing operations growth of 9% - 11%.