Global Payments Inc. today announced results for its fiscal first quarter endedAugust 31, 2011. For the first quarter, revenues grew 23% to$542.8 millioncompared to$440.1 millionin the prior fiscal year. Cash earnings per share grew 21% to$0.88compared to$0.73in the prior year (See Schedule 2 for Cash Earnings). On a GAAP basis, the company reported fiscal 2012 first quarter diluted earnings per share of$0.79compared to$0.61in the prior year.

Chairman and CEOPaul R. Garciastated, "We delivered strong first quarter results, driven by continued solid execution across all of our businesses, and theDecember 2010addition ofSpain. As a result of our strong performance and the completion of our$100 millionshare repurchase program, we are raising our earnings expectations for the year. Furthermore, based on our core performance this quarter, we now expect overall total company cash margin expansion of as much as 50 basis points in fiscal 2012."

David E. Mangum, Senior Executive Vice President and CFO, stated, "For the full year of fiscal 2012, our annual revenue expectations remain unchanged at$2,100 million to $2,150 million, or 13% to 16% growth over fiscal 2011. We are increasing our fiscal 2012 diluted earnings per share expectations on a cash basis to a range of$3.46 to $3.54, reflecting 12% to 15% growth over fiscal 2011. We now expect annual fiscal 2012 GAAP diluted earnings per share to be$3.13 to $3.20, reflecting 20% to 23% growth over the prior year. All of these expectations exclude any effect of the Durbin Legislation."