TSYS (TSYS) Tops Q2 EPS by 2c

TSYS (NASDAQ: TSYS) reported Q2 EPS of $0.05, $0.02 better than the analyst estimate of $0.03. Revenue for the quarter came in at $87.9 million versus the consensus estimate of $89.81 million.

"Our operating results for the second quarter and first half of 2015 are consistent with management's plan for the year, as positive developments across the company have offset the impact of lower 2015 wartime field support revenue than in 2014, and the unusual, nonrecurring $1.1 million professional fee expense in Q1," said Maurice B. Tose, TCS chairman and CEO.

"The company has continued to invest during the period in hardening of 9-1-1 deliverables as a growing volume of nextgen deployments proceeds. The expected orders for strong second half government systems and components shipments have been making their way through procurement processes. New products for cybersecurity and mobile medicine have been launched and are gaining traction, and our integrated man-wearable and vehicle mounted communications solutions for connected cities are in a growing number of trials.

"We announced earlier this month that our Board has established a Special Committee of independent directors to explore strategic alternatives with the assistance of Lazard as financial advisor."

For earnings history and earnings-related data on TSYS (TSYS) click here.

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