Wincor 3Q/15
Germany’s Wincor Nixdorf reports fiscal year net sales totaled €2,427 million, down 2% on the prior-year figure. Talks of a merger with U.S.-based Diebold also continue on track.
Synchrony Q3/14
Synchrony Financial (f/k/a GE Capital Retail Finance) posted a 14.5% decline in third quarter (Q3/14) profits to $548 million. However, period-end loan receivables growth for the retail payment card giant remained strong at 7%, driven by purchase volume and average active account growth.
Loss Provisions
Provisions for credit card losses among the top U.S. bank credit card issuers declined among most, ranging from 0% to -48%. The issuer with the largest provisions for credit losses is Discover and the smallest provisions for credit card losses is American Express, according to CardData.
ACI Posts 4Q/13 Revenue Up 26% Y/Y
ACI posted 4Q/13 revenue of $283 million, up $59 million by 26% from the year ago figure. This was thanks in great part to new sales bookings up 25% while operating income was $86 million for the quarter, an increase of $10 million by 14% from 2012. Net income for the quarter was $50 million compared to net income of $50 million during the same period the prior year. Operating free cash flow in Q4 was $62 million, up from $24 million in the prior-year quarter.
Chase Earnings Drop As Expected
JPMorgan Chase & Co reported net income for the 4th Quarter 2013 at $5.3 billion. This was a slight increase from 4th Q 2012 which was reported at $5.2 billion. Revenue for the quarter was down 1% to $24 billion compared to the same period in 2012. Legal costs associated with a number of issues was noted as a reason for the drop in profits. Adjusted for the significant items disclosed in our earnings press releases this quarter and in the fourth quarter of 2012, EPS would have been $1.40 this year compared with $1.35 in the prior year and ROTCE would have been 15% this year, flat compared with the prior year.
NCR Revenue Up 5% Y/Y
NCR posted 3Q/13 revenue of $1.51 billion, up 5% from the third quarter of 2012. Third-quarter revenue includes an unfavorable impact of 2% as a result of foreign currency translation. NCR reported third quarter income from continuing operations (attributable to NCR) of $98 million, or $0.58 per diluted share, compared to income from continuing operations…
FIS 2Q/13 Revenue Up 3.8% Y/Y
FIS posted 2Q/13 revenue up 3.8% to $1.51 billion from $1.46 billion in 2Q/12. These results included debt refinancing costs and an adjustment related to the December 2010 acquisition of Capco, FIS’ global consulting business. Revenue was up 3.7% on an organic basis compared to the second quarter of 2012, which excludes the impact of…
JPMorgan Posts 2Q/12 Net Income of $5B, Card Revenue Down 5% Y/Y
JPMorgan Chase posted its 2Q/12 net income down from the 2Q/11 figure of $5.4 billion to $5.0 billion. With this, net income was $1.0 billion, a decrease of $80 million, or 7%, compared with the prior year, thanks in part to a lower reduction in the allowance for loan losses compared with the prior year.…
ACI Worldwide 1Q/12 Revenue Explodes 34% Y/Y
ACI Worldwide reports ‘solid’ first quarter ACI Worldwide, a leading international provider of payment systems, announced financial results for the period ended March 31, 2012. “ACI had a solid first quarter. Revenue from backlog grew 34% over prior-year as we concluded service implementations and added higher recurring maintenance and hosting revenues to our predictable business…
ACI Worldwide Sees Bleak 4Q/11
ACI Worldwide payment systems announced 4Q/11 sales bookings of $171.4 million which was a decrease of $3.4 million from the year ago period and a revenue of $135.0 million, down $6.2 million by 4%. This is thanks in part to lower non-recurring implementation services revenues as fewer projects moved out of backlog into current period…
Diebold Revenue Drops .4% Y/Y, South American Ops Struggle
Diebold posted a 2Q/11 net income from continuing operations attributable to Diebold of $20.3 million, down from $30.4 million in the year ago period while 2011 revenue was $662.4 million, down 0.4% from 2Q/10. Total global product and services orders decreased 1% compared with the prior-year period. This was due in part to Asia Pacific…
Global Payments Posts 3Q/11 Fiscals up 15% Y/Y
Payment processor Global Payments’ fiscal 3Q, having ended February 28, saw revenues up 15% to $456.4 million compared to $398.5 million in the prior fiscal year and diluted earnings per share up to $0.60 compared to $0.58 in the prior year. Although revenue is up from the prior quarter’s figure of $443.5 million- an 8% increase from the prior year, Global Payments’ earnings per share missed the mark in this time around, which analysts were projecting to hit 64 cents a share.
Net Income, meanwhile, was $54.1 million, up from the 51.5 million posted in the year ago quarter. This compares with net income the prior quarter, which fell 15% and saw a net income of $53.5 million for the three months ended Nov. 30, from $62.8 million in the prior-year 2/Q. With these figures, the company now expects a 2011 FY revenue of $1,800 million to $1,820 million, or 10% to 11% growth over fiscal 2010 which compares to the previous quarter’s range of $1,780 million to $1,820 million, or 8% to 10% growth over fiscal 2010. Earnings per share from continuing operations expectations are now $2.70 to $2.77, reflecting growth of 6% to 9% compared to previous quarter’s range of $2.66 to $2.77, or 5% to 9% growth(Cardflash Library, 2010/08/26, 2010/09/15, 2011/01/07).