According to the Denver Business Journal, "First Data Corp.’s consolidated revenue rose 10 percent in the second quarter, to $2.2 billion, the company said Thursday".
Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) were up 7 percent to $653 million.
Loss from continuing operations was $161 million. But that included $260 million of incremental interest expense, net of tax, and $131 million of incremental depreciation and amortization, net of tax, the company said.
“Our focus on investment in product development is starting to pay off with significant customer wins in multiple segments,” Chairman and CEO Michael Capellas said in a statement. “Despite difficult economic conditions, we continued to grow revenue and improve profitability.”
Greenwood Village-based First Data, a payments processor, was taken private last year when it was acquired by private equity firm Kohlberg Kravis Roberts & Co.
To read the transcript (provided by Seeking Alpha) of the earnings call visit below:
First Data Corporation (FDC)Q2 2008 Earnings Call, on August 14, 2008 10:00 am ET
Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) were up 7 percent to $653 million.
Loss from continuing operations was $161 million. But that included $260 million of incremental interest expense, net of tax, and $131 million of incremental depreciation and amortization, net of tax, the company said.
“Our focus on investment in product development is starting to pay off with significant customer wins in multiple segments,” Chairman and CEO Michael Capellas said in a statement. “Despite difficult economic conditions, we continued to grow revenue and improve profitability.”
Greenwood Village-based First Data, a payments processor, was taken private last year when it was acquired by private equity firm Kohlberg Kravis Roberts & Co.
To read the transcript (provided by Seeking Alpha) of the earnings call visit below:
First Data Corporation (FDC)Q2 2008 Earnings Call, on August 14, 2008 10:00 am ET
