Total Systems Services lowers net income outlook
Nov 30 (Reuters) - Credit and debit card processor Total Systems Services Inc (TSS.N: Cotización) lowered its net earnings outlook for 2007 and said net income would decline 4 percent compared with its earlier view of an increase of 0 percent to 2 percent.
TSYS said net income on a non-GAAP basis, which excludes expenses related to its spinoff by Synovus Financial Corp (SNV.N: Cotización), would increase 25 percent compared with 20 percent to 22 percent it expected earlier.
It said revenue would increase 1 percent, compared with its earlier expectation of a decline of 2 percent to 3 percent. (Reporting by Nachiket Kelkar in Bangalore)
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