Asia PR News

ATLANTA, GA., Sept. 29 /PRNewswire-AsiaNet/ –

Global Payments Inc. (NYSE: GPN) today announced results for its first
quarter ended August 31, 2006. For the first quarter, revenue grew 16 percent
to $260.3 million compared to $224.5 million in the prior year. Excluding the
impact of current period stock option expense and prior year restructuring
charges, net income grew 41 percent to $44.2 million compared to $31.3 million
in the prior year quarter, and diluted earnings per share grew 38 percent to
$0.54 compared to $0.39 in the prior year quarter.

( Logo: http://www.newscom.com/cgi-bin/prnh/20010221/ATW031LOGO )

In accordance with GAAP, prior period net income and diluted earnings per
share include certain restructuring charges (see attached reconciliation
schedule) relating to an operating center consolidation, which was announced in
July 2005. These charges consisted of employee termination benefits.

Additionally, the current fiscal quarter includes the recognition of stock
option expenses as a result of the company’s June 1, 2006 adoption of Statement
of Financial Accounting Standards No. 123(R) using the modified prospective
method. First quarter fiscal 2007 GAAP net income and diluted earnings per
share were $41.5 million and $0.51, respectively, compared to $30.7 million and
$0.38, respectively, in the prior year quarter.

Comments and Outlook
Chairman, President and CEO, Paul R. Garcia, stated, "We are very pleased
with our first quarter fiscal 2007 financial results, which were driven
primarily by strong revenue and operating margin growth in our merchant
services segment. Our domestic ISO channel remains one of the fastest growing
areas of the company, with outstanding expansion in the quarter. We are also
delighted with the progress made in our new HSBC joint venture and continue to
move forward with our sales strategy to take advantage of the strong growth
opportunities present in the Asia-Pacific region. We also remain very pleased
with our money transfer segment, which achieved solid revenue growth of 18%
during the quarter. Based on our overall strong results, we are raising the low
end of our annual fiscal 2007 revenue guidance to $1,057 million, and
reaffirming the high end of this guidance of $1,084 million. This revenue
guidance reflects an expected 16 percent to 19 percent growth versus $908
million in fiscal 2006. In addition, we are raising our annual fiscal 2007
diluted earnings per share guidance to a range of $1.79 to $1.85, excluding the
impact of stock option expenses as a result of our adoption of FAS 123R, for an
expected growth of 16 percent to 20 percent versus $1.54 in fiscal 2006." (1)
Including the impact of these stock option expenses, our annual fiscal 2007
diluted earnings per share guidance is $1.69 to $1.75.

Conference Call
Global Payments will hold a conference call today, September 29, 2006 at
10:30 a.m. ET to discuss financial results and business highlights. The
conference call may be accessed by calling 1-888-791-2132 (U.S.) or
1-517-623-4000 (internationally) and using a pass code of "GPN" for both
numbers, or via Web cast at www.globalpaymentsinc.com A replay of the call will
be available on the Global Payments Web site through October 13, 2006.

Global Payments Inc. (NYSE: GPN) is a leading provider of electronic
transaction processing services for consumers, merchants, Independent Sales
Organizations (ISOs), financial institutions, government agencies and
multi-national corporations located throughout the United States, Canada, Latin
America, Europe and the Asia-Pacific. Global Payments offers a comprehensive
line of processing solutions for credit and debit cards, business-to-business
purchasing cards, gift cards, electronic check conversion and check guarantee,
verification and recovery including electronic check services, as well as
terminal management. The company also provides consumer money transfer services
from the U.S. and Europe to destinations in Latin America, Morocco and the
Philippines. For more information about the company and its services, visit
www.globalpaymentsinc.com.

(1) Fiscal 2006 diluted earnings per share was $1.53 on a GAAP basis, which
includes restructuring charges equivalent to $0.01 in diluted earnings per
share.

This announcement and comments made by Global Payments’ management during
the conference call may contain forward-looking statements pursuant to the
"safe-harbor" provisions of the Private Securities Litigation Reform Act of
1995. These forward looking statements involve risks and uncertainties such as
product demand, market and customer acceptance, the effect of economic
conditions, competition, pricing, development difficulties, foreign currency
risks, costs of capital, continued certification by credit card associations,
the ability to consummate and integrate acquisitions, and other risks detailed
in the company’s SEC filings, including the most recently filed Form 10-Q or
Form 10-K, as applicable. The company undertakes no obligation to revise any of
these statements to reflect future circumstances or the occurrence of
unanticipated events.

Contact: Jane M. Elliott
770-829-8234 Voice
770-829-8267 Fax
investor.relations@globalpay.com

SOURCE: Global Payments Inc.

CONTACT: Jane M. Elliott of Global Payments Inc.
+1-770-829-8234
Fax +1-770-829-8267 or
investor.relations@globalpay.com

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Web site: http://www.globalpaymentsinc.com

(GPN)