Exhibit 99.1 2014.11.30

“We are very pleased to deliver another quarter of solid performance across our direct businesses,” said Chief Executive Officer Jeff Sloan. “We also continue to successfully expand our worldwide footprint, one of our key strategies to accelerate growth. During the quarter, we completed the acquisition of Ezidebit, a technology company with direct distribution in Australia and New Zealand and an expanding presence throughout Asia. We also announced an agreement to establish a new joint venture with Bank of the Philippine Islands. This partnership will increase our existing distribution in the highly attractive Philippines market. These transactions help fulfill the vision we set forth in 2012 with the purchase of the minority interest in our then joint venture in Asia.”

The company is raising its annual fiscal 2015 revenue outlook to $2.75 billion to $2.80 billion, or 8% to 10% growth. In addition, Global Payments is increasing its outlook for annual fiscal 2015 diluted earnings per share on a cash basis to a range of $4.75 to $4.83, reflecting growth of 15% to 17% over fiscal 2014, and annual fiscal 2015 GAAP diluted earnings per share is expected to be in the range of $3.99 to $4.07. The company also now expects annual fiscal 2015 core cash operating margins to expand by as much as 50 basis points.

Global Payments Inc. is one of the largest worldwide providers of payment solutions for merchants, value added resellers, enterprise software providers, financial institutions, government agencies, multi-national corporations and independent sales organizations located throughout North America, Brazil, Europe and the Asia-Pacific region. Global Payments, a Fortune 1000 company, offers a comprehensive line of solutions and services 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. Visit www.globalpaymentsinc.com for more information about the company and its services.

This announcement and comments made by Global Payments' management may 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. Important factors that may cause actual events or results to differ materially from those anticipated by such forward-looking statements include our ability to safeguard our data; increased competition from non-traditional competitors; our ability to update our products and services in a timely manner; potential systems interruptions or failures; software defects or undetected errors; our ability to maintain Visa and MasterCard registration and financial institution sponsorship; our reliance on financial institutions to provide clearing services in connection with our settlement activities; our potential failure to comply with card network requirements; increased attrition of merchants, referral partners or independent sales organizations; our ability to increase our share of existing markets and expand into new markets; unanticipated increases in chargeback liability; increases in credit card network fees; changes in laws, regulations or network rules or interpretations thereof; foreign currency exchange and interest rate risks; political, economic and regulatory changes in the foreign countries in which we operate; future performance, integration and conversion of acquired operations; loss of key personnel; and other risks detailed in our SEC filings, including the most recently filed Annual Report on Form 10-K and subsequently filed Quarterly Report on Form 10-Q. We undertake no obligation to revise any of these statements to reflect future circumstances or the occurrence of unanticipated events.



	Three Months Ended November 30,								Six Months Ended November 30,
	2014			2013			% Change		2014			2013			% Change
	(unaudited)								(unaudited)
Revenues	$	697,291		$	634,122		10.0	%	$	1,402,186		$	1,263,807		10.9	%

Operating expenses:
Cost of service	257,796			235,170			9.6	%	517,635			465,915			11.1	%
Sales, general and administrative	315,511			294,045			7.3	%	636,169			585,601			8.6	%
Processing system intrusion	—			(7,000		)	(100.0	)%	—			(7,000		)	(100.0	)%
	573,307			522,215			9.8	%	1,153,804			1,044,516			10.5	%

Operating income	123,984			111,907			10.8	%	248,382			219,291			13.3	%

Other income (expense):
Interest and other income	1,282			5,288			(75.8	)%	2,474			8,626			(71.3	)%
Interest and other expense	(10,350		)	(8,025		)	29.0	%	(21,360		)	(15,904		)	34.3	%
	(9,068		)	(2,737		)	231.3	%	(18,886		)	(7,278		)	159.5	%

Income before income taxes	114,916			109,170			5.3	%	229,496			212,013			8.2	%
Provision for income taxes	(29,660		)	(29,313		)	1.2	%	(59,806		)	(60,448		)	(1.1	)%
Net income	85,256			79,857			6.8	%	169,690			151,565			12.0	%
Less: Net income attributable to noncontrolling interests, net of income tax	(10,475		)	(5,960		)	75.8	%	(19,543		)	(13,025		)	50.0	%
Net income attributable to Global Payments	$	74,781		$	73,897		1.2	%	$	150,147		$	138,540		8.4	%

Earnings per share attributable to Global Payments:
Basic	$	1.11		$	1.02		8.8	%	$	2.22		$	1.90		16.8	%
Diluted	$	1.10		$	1.02		7.8	%	$	2.20		$	1.88		17.0	%

Weighted average shares outstanding:
Basic	67,377			72,174					67,764			72,974
Diluted	67,737			72,706					68,179			73,504



	Three Months Ended November 30,								Six Months Ended November 30,
	2014			2013			% Change		2014			2013			% Change

Revenues	$	697,291		$	634,122		10.0	%	$	1,402,186		$	1,263,807		10.9	%

Operating expenses:
Cost of service	239,533			220,610			8.6	%	481,518			436,383			10.3	%
Sales, general and administrative	315,511			290,697			8.5	%	639,110			580,757			10.0	%
	555,044			511,307			8.6	%	1,120,628			1,017,140			10.2	%

Operating income	142,247			122,815			15.8	%	281,558			246,667			14.1	%

Other income (expense):
Interest and other income	1,282			3,165			(59.5	)%	2,474			6,503			(62.0	)%
Interest and other expense	(10,350		)	(8,025		)	29.0	%	(21,360		)	(15,904		)	34.3	%
	(9,068		)	(4,860		)	86.6	%	(18,886		)	(9,401		)	100.9	%

Income before income taxes	133,179			117,955			12.9	%	262,672			237,266			10.7	%
Provision for income taxes	(35,520		)	(32,873		)	8.1	%	(70,950		)	(69,559		)	2.0	%
Net income	97,659			85,082			14.8	%	191,722			167,707			14.3	%
Less: Net income attributable to noncontrolling interests, net of income tax	(11,648		)	(7,197		)	61.8	%	(21,951		)	(15,633		)	40.4	%
Net income attributable to Global Payments	$	86,011		$	77,885		10.4	%	$	169,771		$	152,074		11.6	%

Earnings per share attributable to Global Payments:
Basic	$	1.28		$	1.08		18.5	%	$	2.51		$	2.08		20.7	%
Diluted	$	1.27		$	1.07		18.7	%	$	2.49		$	2.07		20.3	%

Weighted average shares outstanding:
Basic	67,377			72,174					67,764			72,974
Diluted	67,737			72,706					68,179			73,504

(In thousands)



	Three Months Ended November 30,
	2014						2013						% Change
	GAAP			Cash Earnings			GAAP			Cash Earnings			GAAP		Cash Earnings

Revenues:
United States	$	404,784		$	404,784		$	361,793		$	361,793		11.9	%	11.9	%
Canada	83,992			83,992			85,240			85,240			(1.5	)%	(1.5	)%
North America merchant services	488,776			488,776			447,033			447,033			9.3	%	9.3	%

Europe	159,974			159,974			146,866			146,866			8.9	%	8.9	%
Asia-Pacific	48,541			48,541			40,223			40,223			20.7	%	20.7	%
International merchant services	208,515			208,515			187,089			187,089			11.5	%	11.5	%

Total revenues	$	697,291		$	697,291		$	634,122		$	634,122		10.0	%	10.0	%

Operating income (loss) for segments:
North America merchant services	$	74,246		$	85,419		$	70,437		$	77,621		5.4	%	10.0	%
International merchant services	76,443			83,533			62,467			69,843			22.4	%	19.6	%
Corporate¹	(26,705		)	(26,705		)	(20,997		)	(24,649		)	27.2	%	8.3	%
Operating income	$	123,984		$	142,247		$	111,907		$	122,815		10.8	%	15.8	%



	Six Months Ended November 30,
	2014						2013						% Change
	GAAP			Cash Earnings			GAAP			Cash Earnings			GAAP		Cash Earnings

Revenues:
United States	$	818,825		$	818,825		$	725,626		$	725,626		12.8	%	12.8	%
Canada	173,957			173,957			171,912			171,912			1.2	%	1.2	%
North America merchant services	992,782			992,782			897,538			897,538			10.6	%	10.6	%

Europe	322,762			322,762			290,054			290,054			11.3	%	11.3	%
Asia-Pacific	86,642			86,642			76,215			76,215			13.7	%	13.7	%
International merchant services	409,404			409,404			366,269			366,269			11.8	%	11.8	%

Total revenues	$	1,402,186		$	1,402,186		$	1,263,807		$	1,263,807		10.9	%	10.9	%

Operating income (loss) for segments:
North America merchant services	$	152,183		$	174,734		$	140,136		$	157,025		8.6	%	11.3	%
International merchant services	150,045			160,670			124,008			138,600			21.0	%	15.9	%
Corporate¹	(53,846		)	(53,846		)	(44,853		)	(48,958		)	20.0	%	10.0	%
Operating income	$	248,382		$	281,558		$	219,291		$	246,667		13.3	%	14.1	%



	November 30, 2014			May 31, 2014
	(unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$	644,469		$	581,872
Accounts receivable, net of allowances for doubtful accounts of $469 and $401, respectively	197,053			214,574
Claims receivable, net	577			809
Settlement processing assets	1,122,321			780,917
Inventory	8,002			6,636
Deferred income taxes	12,761			12,963
Prepaid expenses and other current assets	40,072			45,673
Total current assets	2,025,255			1,643,444
Goodwill	1,483,615			1,337,285
Other intangible assets, net	542,992			535,173
Property and equipment, net	362,809			369,753
Deferred income taxes	95,161			101,928
Other	31,755			31,067
Total assets	$	4,541,587		$	4,018,650

LIABILITIES AND EQUITY
Current liabilities:
Lines of credit	$	530,721		$	440,128
Current portion of long-term debt	46,875			17,677
Accounts payable and accrued liabilities	303,008			290,106
Settlement processing obligations	781,262			451,317
Income taxes payable	14,267			12,390
Total current liabilities	1,676,133			1,211,618
Long-term debt	1,554,125			1,376,002
Deferred income taxes	200,848			209,099
Other long-term liabilities	88,245			89,132
Total liabilities	3,519,351			2,885,851

Commitments and contingencies
Equity:
Preferred stock, no par value; 5,000,000 shares authorized and none issued	—			—
Common stock, no par value; 200,000,000 shares authorized; 67,031,081 issued and outstanding at November 30, 2014 and 68,845,643 issued and outstanding at May 31, 2014	—			—
Paid-in capital	144,419			183,023
Retained earnings	852,972			815,980
Accumulated other comprehensive loss	(102,726		)	(1,776		)
Total Global Payments shareholders’ equity	894,665			997,227
Noncontrolling interests	127,571			135,572
Total equity	1,022,236			1,132,799
Total liabilities and equity	$	4,541,587		$	4,018,650



	Six Months Ended November 30,
	2014			2013
Cash flows from operating activities:
Net income	$	169,690		$	151,565
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of property and equipment	33,055			28,439
Amortization of acquired intangibles	36,117			28,953
Share-based compensation expense	9,145			11,965
Provision for operating losses and bad debts	7,432			10,249
Deferred income taxes	(982		)	6,073
Other, net	(387		)	(4,345		)
Changes in operating assets and liabilities, net of the effects of acquisitions:
Accounts receivable	17,521			(6,353		)
Claims receivable	(4,881		)	(6,567		)
Settlement processing assets and obligations, net	(13,778		)	204,307
Inventory	(1,506		)	2,237
Prepaid expenses and other assets	5,409			5,761
Accounts payable and other accrued liabilities	(31,503		)	(21,845		)
Income taxes payable	1,604			1,244
Net cash provided by operating activities	226,936			411,683
Cash flows from investing activities:
Business, intangible and other asset acquisitions, net of cash acquired	(223,651		)	(2,324		)
Capital expenditures	(33,290		)	(41,178		)
Principal collections on financing receivables	219			1,328
Net proceeds from sales of investments and business	10,528			3,102
Net cash used in investing activities	(246,194		)	(39,072		)
Cash flows from financing activities:
Net borrowings on short-term lines of credit	90,593			259,047
Proceeds from issuance of long-term debt	1,080,000			810,000
Principal payments under long-term debt	(872,679		)	(779,380		)
Repurchase of common stock	(179,724		)	(250,183		)
Proceeds from stock issued under share-based compensation plans	17,099			27,366
Common stock repurchased - share-based compensation plans	(15,705		)	(5,260		)
Tax benefit from share-based compensation plans	3,599			4,415
Distributions to noncontrolling interests	(15,485		)	(15,593		)
Dividends paid	(2,693		)	(2,894		)
Net cash provided by financing activities	105,005			47,518
Effect of exchange rate changes on cash	(23,150		)	(3,766		)
Increase in cash and cash equivalents	62,597			416,363
Cash and cash equivalents, beginning of the period	581,872			680,470
Cash and cash equivalents, end of the period	$	644,469		$	1,096,833



	Three Months Ended November 30, 2014
	GAAP			Processing System Intrusion			Other			Cash Earnings Adjustments³			Cash Earnings
Revenues	$	697,291		$	—		$	—		$	—		$	697,291
Operating expenses:
Cost of service	257,796			—			—			(18,263		)	239,533
Sales, general and administrative	315,511			—			—			—			315,511
Processing system intrusion	—			—			—			—			—
	573,307			—			—			(18,263		)	555,044
Operating income	123,984			—			—			18,263			142,247
Other income (expense):
Interest and other income	1,282			—			—			—			1,282
Interest and other expense	(10,350		)	—			—			—			(10,350		)
	(9,068		)	—			—			—			(9,068		)
Income before income taxes	114,916			—			—			18,263			133,179
Provision for income taxes	(29,660		)	—			—			(5,860		)	(35,520		)
Net income	85,256			—			—			12,403			97,659
Less: Net income attributable to noncontrolling interests, net of income tax	(10,475		)	—			—			(1,173		)	(11,648		)
Net income attributable to Global Payments	$	74,781		$	—		$	—		$	11,230		$	86,011
Diluted shares	67,737												67,737
Diluted earnings per share	$	1.10		$	—		$	—		$	0.17		$	1.27

	Three Months Ended November 30, 2013
	GAAP			Processing System Intrusion¹			Other²			Cash Earnings Adjustments³			Cash Earnings
Revenues	$	634,122		$	—		$	—		$	—		$	634,122
Operating expenses:
Cost of service	235,170			—			—			(14,560		)	220,610
Sales, general and administrative	294,045			—			(3,348		)	—			290,697
Processing system intrusion	(7,000		)	7,000			—			—			—
	522,215			7,000			(3,348		)	(14,560		)	511,307
Operating income	111,907			(7,000		)	3,348			14,560			122,815
Other income (expense):
Interest and other income	5,288			—			(2,123		)	—			3,165
Interest and other expense	(8,025		)	—			—			—			(8,025		)
	(2,737		)	—			(2,123		)	—			(4,860		)
Income (loss) before income taxes	109,170			(7,000		)	1,225			14,560			117,955
(Provision for) benefit from income taxes	(29,313		)	2,393			(1,145		)	(4,808		)	(32,873		)
Net income (loss)	79,857			(4,607		)	80			9,752			85,082
Less: Net income attributable to noncontrolling interests, net of income tax	(5,960		)	—			—			(1,237		)	(7,197		)
Net income (loss) attributable to Global Payments	$	73,897		$	(4,607	)	$	80		$	8,515		$	77,885
Diluted shares	72,706												72,706
Diluted earnings (loss) per share	$	1.02		$	(0.07	)	$	—		$	0.12		$	1.07

We supplemented our reporting of income and the related earnings per share information determined in accordance with GAAP by reporting income and the related earnings per share for the three months ended November 30, 2014 and 2013 on a "cash earnings" basis in this earnings release as a measure to help evaluate performance. In the three months ended November 30, 2014, we calculated income and earnings per share on a cash basis by excluding amounts related to acquisition intangible amortization. In the three months ended November 30, 2013, we calculated income and earnings per share on a cash basis by excluding amounts related to acquisition intangible amortization, the processing system intrusion, one-time charges related to employee termination benefits and a one-time credit related to the gain on the sale of an interest in a business. We exclude these charges in order to more clearly focus on the factors we believe are pertinent to the daily management of our operations. Our income and earnings per share reported on a cash earnings basis should be considered in addition to, and not as a substitute for, income and earnings per share determined in accordance with GAAP. Our measures of income and earnings per share on a cash earnings basis reflect management’s judgment of particular items, and may not be comparable to similarly titled measures reported by other companies.



	Six Months Ended November 30, 2014
	GAAP			Processing System Intrusion			Other²			Cash Earnings Adjustments³			Cash Earnings
Revenues	$	1,402,186		$	—		$	—		$	—		$	1,402,186
Operating expenses:
Cost of service	517,635			—			—			(36,117		)	481,518
Sales, general and administrative	636,169			—			2,941			—			639,110
Processing system intrusion	—			—			—			—			—
	1,153,804			—			2,941			(36,117		)	1,120,628
Operating income	248,382			—			(2,941		)	36,117			281,558
Other income (expense):
Interest and other income	2,474			—			—			—			2,474
Interest and other expense	(21,360		)	—			—			—			(21,360		)
	(18,886		)	—			—			—			(18,886		)
Income (loss) before income taxes	229,496			—			(2,941		)	36,117			262,672
(Provision for) benefit from income taxes	(59,806		)	—			588			(11,732		)	(70,950		)
Net income (loss)	169,690			—			(2,353		)	24,385			191,722
Less: Net income attributable to noncontrolling interests, net of income tax	(19,543		)	—			—			(2,408		)	(21,951		)
Net income (loss) attributable to Global Payments	$	150,147		$	—		$	(2,353	)	$	21,977		$	169,771
Diluted shares	68,179												68,179
Diluted earnings (loss) per share	$	2.20		$	—		$	(0.03	)	$	0.32		$	2.49

	Six Months Ended November 30, 2013
	GAAP			Processing System Intrusion¹			Other²			Cash Earnings Adjustments³			Cash Earnings
Revenues	$	1,263,807		$	—		$	—		$	—		$	1,263,807
Operating expenses:
Cost of service	465,915			—			(579		)	(28,953		)	436,383
Sales, general and administrative	585,601			—			(4,844		)	—			580,757
Processing system intrusion	(7,000		)	7,000			—			—			—
	1,044,516			7,000			(5,423		)	(28,953		)	1,017,140
Operating income	219,291			(7,000		)	5,423			28,953			246,667
Other income (expense):
Interest and other income	8,626			—			(2,123		)	—			6,503
Interest and other expense	(15,904		)	—			—			—			(15,904		)
	(7,278		)	—			(2,123		)	—			(9,401		)
Income (loss) before income taxes	212,013			(7,000		)	3,300			28,953			237,266
(Provision for) benefit from income taxes	(60,448		)	2,393			(1,934		)	(9,570		)	(69,559		)
Net income (loss)	151,565			(4,607		)	1,366			19,383			167,707
Less: Net income attributable to noncontrolling interests, net of income tax	(13,025		)	—			—			(2,608		)	(15,633		)
Net income (loss) attributable to Global Payments	$	138,540		$	(4,607	)	$	1,366		$	16,775		$	152,074
Diluted shares	73,504												73,504
Diluted earnings (loss) per share	$	1.88		$	(0.07	)	$	0.02		$	0.24		$	2.07

We supplemented our reporting of income and the related earnings per share information determined in accordance with GAAP by reporting income and the related earnings per share for the six months ended November 30, 2014 and 2013 on a "cash earnings" basis in this earnings release as a measure to help evaluate performance. For the six months ended November 30, 2014, we calculated income and earnings per share on a cash basis by excluding amounts related to acquisition intangible amortization and a gain on the sale of a component of our Russia business that leased ATMs to our sponsor bank in Russia. In the six months ended November 30, 2013, we calculated income and earnings per share on a cash basis by excluding amounts related to acquisition intangible amortization, the processing system intrusion, one-time charges related to employee termination benefits and resolution of a contract related contingency, and a one-time credit related to the gain on the sale of an interest in a business. We exclude these charges in order to more clearly focus on the factors we believe are pertinent to the daily management of our operations. Our income and earnings per share reported on a cash earnings basis should be considered in addition to, and not as a substitute for, income and earnings per share determined in accordance with GAAP. Our measures of income and earnings per share on a cash earnings basis reflect management’s judgment of particular items, and may not be comparable to similarly titled measures reported by other companies.



	Three Months Ended November 30,
	2014												2013
	GAAP			Processing System Intrusion		Other		Cash Earnings Adjustments³		Cash Earnings			GAAP			Processing System Intrusion¹			Other²		Cash Earnings Adjustments³		Cash Earnings

Revenues:
United States	$	404,784		$	—	$	—	$	—	$	404,784		$	361,793		$	—		$	—	$	—	$	361,793
Canada	83,992			—		—		—		83,992			85,240			—			—		—		85,240
North America merchant services	488,776			—		—		—		488,776			447,033			—			—		—		447,033

Europe	159,974			—		—		—		159,974			146,866			—			—		—		146,866
Asia-Pacific	48,541			—		—		—		48,541			40,223			—			—		—		40,223
International merchant services	208,515			—		—		—		208,515			187,089			—			—		—		187,089

Total revenues	$	697,291		$	—	$	—	$	—	$	697,291		$	634,122		$	—		$	—	$	—	$	634,122

Operating income (loss) for segments:
North America merchant services	$	74,246		$	—	$	—	$	11,173	$	85,419		$	70,437		$	—		$	—	$	7,184	$	77,621
International merchant services	76,443			—		—		7,090		83,533			62,467			—			—		7,376		69,843
Corporate	(26,705		)	—		—		—		(26,705		)	(20,997		)	(7,000		)	3,348		—		(24,649		)
Operating income (loss)	$	123,984		$	—	$	—	$	18,263	$	142,247		$	111,907		$	(7,000	)	$	3,348	$	14,560	$	122,815



	Six Months Ended November 30,
	2014													2013
	GAAP			Processing System Intrusion		Other²			Cash Earnings Adjustments³		Cash Earnings			GAAP			Processing System Intrusion¹			Other²		Cash Earnings Adjustments³		Cash Earnings

Revenues:
United States	$	818,825		$	—	$	—		$	—	$	818,825		$	725,626		$	—		$	—	$	—	$	725,626
Canada	173,957			—		—			—		173,957			171,912			—			—		—		171,912
North America merchant services	992,782			—		—			—		992,782			897,538			—			—		—		897,538

Europe	322,762			—		—			—		322,762			290,054			—			—		—		290,054
Asia-Pacific	86,642			—		—			—		86,642			76,215			—			—		—		76,215
International merchant services	409,404			—		—			—		409,404			366,269			—			—		—		366,269

Total revenues	$	1,402,186		$	—	$	—		$	—	$	1,402,186		$	1,263,807		$	—		$	—	$	—	$	1,263,807

Operating income (loss) for segments:
North America merchant services	$	152,183		$	—	$	—		$	22,551	$	174,734		$	140,136		$	—		$	2,518	$	14,371	$	157,025
International merchant services	150,045			—		(2,941		)	13,566		160,670			124,008			—			10		14,582		138,600
Corporate	(53,846		)	—		—			—		(53,846		)	(44,853		)	(7,000		)	2,895		—		(48,958		)
Operating income (loss)	$	248,382		$	—	$	(2,941	)	$	36,117	$	281,558		$	219,291		$	(7,000	)	$	5,423	$	28,953	$	246,667

We supplemented our reporting of income and the related earnings per share information determined in accordance with GAAP by reporting income and the related earnings per share for the fiscal years 2015 and 2014 on a "cash earnings" basis in this earnings release as a measure to help evaluate performance. We calculated income and earnings per share on a cash basis by excluding amounts related to acquisition intangible amortization, the processing system intrusion, acceleration of equity awards and other costs associated with the retirement of our former Chairman and CEO, a credit related to the sale of an interest in our Brazil business and a subsequent charge associated with our retained interest, non-cash losses from the retirement of fixed assets, employee termination benefits, resolution of a contract related contingency, costs associated with debt refinancing and HSBC's share of dividends declared by Global Payments Asia-Pacific. We exclude these charges in order to more clearly focus on the factors we believe are pertinent to the daily management of our operations. Our income and earnings per share reported on a cash earnings basis should be considered in addition to, and not as a substitute for, income and earnings per share determined in accordance with GAAP. Our measures of income and earnings per share on a cash earnings basis reflect management’s judgment of particular items, and may not be comparable to similarly titled measures reported by other companies.

¹ Fiscal 2015 reflects $0.72 of acquisition intangible amortization and $0.04 of one-time charges. Fiscal 2014 reflects acquisition intangible amortization of $0.51, a processing system intrusion credit of ($0.07) and non-recurring items of $0.31. Other non-recurring items include acceleration of equity awards and other costs associated with the retirement of our former Chairman and CEO, a credit related to the sale of an interest in our Brazil business and a subsequent charge associated with our retained interest, non-cash losses from the retirement of fixed assets, employee termination benefits, resolution of a contract related contingency, costs associated with debt refinancing and HSBC's share of dividends declared by Global Payments Asia-Pacific.



Investor contact: investor.relations@globalpay.com	Media contact: media.relations@globalpay.com
Jane Elliott	Amy Corn
770-829-8234	770-829-8755



	Fiscal 2014 Actual		Fiscal 2015 Outlook		% Change FY14

Revenue Outlook
Total Revenues	$2.55		$2.75 to $2.80		8% to 10%

EPS Outlook
Cash EPS	$4.12		$4.75 to $4.83		15% to 17%
Acquisition-related intangibles assets, non-recurring items and processing system intrusion¹	(0.75	)	(0.76	)	1	%
GAAP Diluted EPS	$3.37		$3.99 to $4.07		18% to 21%


•	Revenues grew 10% to $697.3 million, compared to $634.1 million in the second quarter of fiscal 2014.


•	Cash diluted earnings per share¹ grew 19% to $1.27, compared to $1.07 in the second quarter of fiscal 2014.


•	GAAP diluted earnings per share were $1.10, compared to $1.02 in the second quarter of fiscal 2014.