First Data Corp. Reports Profit In Q2 - Quick Facts

(RTTNews) - First Data Corp. (FDC) reported second-quarter net income attributable to company of $152 million compared to a net loss of $26 million in the prior year period. Profit per share was $0.17, for the period. Adjusted net income was $323 million or $0.35 per share, up $179 million versus the prior year period, driven by improved operating results and lower interest expense.

Consolidated revenue for the second quarter was $2.9 billion, up 2% versus the prior year period, or up 3% excluding currency impacts. Total segment revenue was $1.8 billion for the quarter, up 2% versus the prior year period, or up 4% excluding currency impacts.

"This quarter's results were highlighted by net income growth, healthy margin expansion and strong cash flow generation. We saw impressive growth in Global Financial Solutions and in Latin America, and continued client momentum in the enterprise space," said First Data Chairman and CEO Frank Bisignano.