TSYS reported results for the second quarter of 2017.

“Our second quarter results were outstanding driven by solid revenue growth that converted into very strong operating income and diluted earnings per share. These results are all organic as this is the first quarter that the TransFirst acquisition is in both quarters reflecting the execution of our strategic goals,” said M. Troy Woods, chairman and chief executive officer of TSYS.

“With our strong cash flow, we reduced our debt another $125 million during the quarter bringing our year to date reduction to $225 million. We are also pleased to announce that we are increasing our quarterly dividend by 30% to $0.13 per share from $0.10 per share and raising our revenue and EPS guidance,” said Woods.

Highlights for the second quarter of 2017 vs. 2016:

• Total revenues were $1.2 billion, an increase of 6.1%.

• Net revenue (non-GAAP), which excludes reimbursable items, interchange and assessment expenses, was $844.1 million, an increase of 6.2%.

• Net income attributable to TSYS common shareholders was $115.0 million, an increase of 65.0%. Diluted EPS were $0.62, an increase of 64.3%.

• Adjusted earnings (non-GAAP) were $158.2 million, an increase of 16.8%. Adjusted diluted EPS (non-GAAP) were $0.85, an increase of 16.4%.

• Adjusted EBITDA (non-GAAP) was $307.7 million, an increase of 12.3%.

Dividend Increase

TSYS’ Board of Directors approved a 30% increase in the regular quarterly dividend payable on TSYS common stock from $0.10 per share to $0.13 per share, payable on October 2, 2017 to shareholders of record as of the close of business on September 21, 2017.