Global Payments Reports Third Quarter Earnings

Global Payments Reports Third Quarter Earnings

March 30, 2007

    ATLANTA, March 30 /Xinhua-PRNewswire/ -- Global
Payments Inc. (NYSE: GPN) today announced results for its
third quarter ended February 28, 2007.  For the third
quarter, revenue grew 16 percent to $260.4 million compared
to $225.2 million in the prior year.  Excluding the impact
of current period stock option expense, diluted earnings
per share grew 22 percent to $0.44 compared to $0.36 in the
prior year quarter. 

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

    For the nine months ended February 28, 2007, revenue
grew 17 percent to $781.4 million compared to $669.3
million in the prior year period.  Excluding the impact of
current period stock option expense and prior year
restructuring charges, diluted earnings per share grew 27
percent to $1.43 from $1.13 in the prior year period.

    In accordance with GAAP, year-to-date prior period
diluted earnings per share include certain restructuring
charges (see attached reconciliation schedule) relating to
an operating center consolidation, which was announced in
July 2005.  Additionally, both the current quarter and
year-to-date periods include 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.  For the three
and nine months ended February 28, 2007, GAAP diluted
earnings per share were $0.42 and $1.34, respectively,
compared to $0.36 and $1.12, respectively, in the prior
year periods.  

    Comments and Outlook

    Chairman, President and CEO, Paul R. Garcia, stated,
"Our merchant services segment delivered solid
financial results for our fiscal 2007 third quarter.  This
segment's revenue growth was primarily driven by expansion
in our domestic ISO channel, as well as the favorable
impact from our July 2006 addition of our Asia-Pacific
joint venture with HSBC.  Additionally, our merchant
services results benefited from certain card association
incentives relating to various programs implemented in our
Canadian channel, as anticipated.  Finally, our consumer
money transfer segment met our near-term expectations,
which reflect the continued unfavorable impact of a
competitive domestic pricing environment and the
year-over-year impact of strong results in our prior year
quarter."  

    "Based on our results, we are updating our annual
fiscal 2007 revenue guidance to a range of $1,050 million
to $1,057 million.  This revenue guidance reflects an
expected 16 percent growth versus $908 million in fiscal
2006.  In addition, we are updating our annual fiscal 2007
diluted earnings per share guidance to a range of $1.85 to
$1.87, excluding the impact of stock option expenses as a
result of our adoption of FAS 123R, for an expected growth
of 20 percent to 21 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 $1.74 to $1.76.  These earnings per share ranges also
exclude the impact of potential restructuring and other
charges," said Garcia.

    Conference Call

    Global Payments will hold a conference call today,
March 30, 2007 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
http://www.globalpaymentsinc.com .  A replay of the call
will be available on the Global Payments Web site through
April 13, 2007.

    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
http://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 contain certain
forward-looking statements within the meaning of the
"safe-harbor" provisions of the Private
Securities Litigation Reform Act of 1995.  Statements that
are not historical facts, including revenue and earnings
estimates and management's expectations regarding future
events and developments, are forward looking statements and
are subject to significant risks and uncertainties. Among
the important factors that may cause actual events or
results to differ materially from those anticipated by such
forward-looking statements include the following: continued
certification by credit card associations, foreign currency
risks, competition, pricing, product demand, market and
customer acceptance, development difficulties, the effect
of economic conditions and consumer spending, security
breaches or system failures, costs of capital, changes in
state, federal or foreign laws and regulations affecting
the consumer electronic money transfer industry, increases
in credit card association fees, utility or system
interruptions, 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.






    For more information, please contact:

     Jane M. Elliott
     Global Payments Inc.
     Tel:   [phone]
     Fax:   [phone]
     Email: [e-mail]