First Data Corp. release 1Q results

First Data Corp. release 1Q results
Tags: Company Profiles, EFT Networks, Transaction Processing
April 17, 2005

DENVER - First Data Corp. released first quarter 2005 earnings April 14. According to a news release, revenue was up 10 percent from the same period in 2004, from $2.26 million to $2.47 million. Net income dropped 23 percent.

Earnings per share also dropped 23 percent, from 61 cents to 47 cents.

"First Data's success comes from executing on the strategy of providing the most relevant, cost-efficient integrated payments solutions to our customers," said First Data Corp.'s chairman and chief executive Charlie Fote. "Concord has been part of First Data for five quarters now, and we are very pleased with the strategic fit and the financial performance of this acquisition."