ATLANTA, January 3 /PRNewswire/ --

Global Payments Inc. (NYSE: GPN) today announced results for its second quarter ended November 30, 2007. For the second quarter, revenue grew 18 percent to US$308.8 million compared to US$260.7 million in the prior year. Excluding the impact of current period restructuring charges, diluted earnings per share grew 14 percent to US$0.48 compared to US$0.42 in the prior year quarter.

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For the six months ended November 30, 2007, revenue grew 19 percent to US$619.8 million compared to US$521.0 million in the prior year period. Excluding the impact of current period restructuring charges, diluted earnings per share grew 11 percent to US$1.02 from US$0.92 in the prior year period.

In accordance with GAAP, the current quarter and year-to-date periods include restructuring charges (see attached reconciliation schedule) relating to an operating center consolidation announced in March 2007 and completed in November 2007. These charges are reflected in our GAAP diluted earnings per share amounts. For the three and six months ended November 30, 2007, GAAP diluted earnings per share were US$0.48 and US$1.01, respectively, compared to US$0.42 and US$0.92, respectively, in the prior year comparable periods.

During the second quarter, Global Payments repurchased 477,585 shares in the open market at an average price of US$40.09 per share (including commissions paid) for a total of US$19.1 million. As of November 30, 2007, the company had US$13.0 million remaining under its current share repurchase authorization.

Comments and Outlook

Chairman, President and CEO, Paul R. Garcia, stated, "We are very pleased with our solid second quarter results, which were driven by growth in our merchant services segment. Our strong revenue growth continues to be primarily due to organic expansion in our domestic ISO channel, as well as the favorable impact from a strong Canadian currency exchange rate. I am also delighted to report that our Asia-Pacific joint venture with HSBC had favorable revenue growth, which was primarily driven by the benefit of our sales investments made over this past year."

"Based on these results and trends, we are providing annual fiscal 2008 revenue guidance of US$1,231 million to US$1,257 million. This revenue guidance reflects an expected 16 percent to 18 percent growth versus US$1,061.5 million in fiscal 2007. In addition, we are providing annual fiscal 2008 diluted earnings per share guidance of US$1.89 to US$1.96, or 7 percent to 11 percent growth versus US$1.77 in fiscal 2007.(1) This includes the impact of stock option expenses as a result of our June 1, 2006 adoption of FAS 123R. Our guidance excludes the impact of future significant acquisitions, and these earnings per share ranges exclude the impact of potential restructuring and other charges," said Garcia.

Conference Call

Global Payments will hold a conference call today, January 3, 2008 at 5:00 p.m. ET to discuss financial results and business highlights. The conference call may be accessed by calling +1-877-546-1566 (U.S.) or +1-312-470-7270 (internationally) and using a pass code of "GPN" for both numbers, or via Web cast at www.globalpaymentsinc.com. A replay of the call will be available on the Global Payments Web site through January 17, 2008.

Global Payments Inc. (NYSE: GPN) is a leading provider of electronic transaction processing services for consumers, merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies and multi-national corporations located throughout the United States, Canada, Latin America, Europe and the Asia-Pacific. Global Payments offers a comprehensive line of processing solutions 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. The company also provides consumer money transfer services from the U.S. and Europe to destinations in Latin America, Morocco and the Philippines. For more information about the company and its services, visit www.globalpaymentsinc.com.

(1) Fiscal 2007 diluted earnings per share was US$1.75 on a GAAP basis, which includes restructuring and other charges equivalent to US$0.02 in diluted earnings per share.

This announcement and comments made by Global Payments' management during the conference call 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. Among the important factors that may cause actual events or results to differ materially from those anticipated by such forward-looking statements include the following: continued certification by credit card associations, foreign currency risks, competition and pricing, product demand, market and customer acceptance, development difficulties, the effect of economic conditions and consumer spending, security breaches or system failures, costs of capital, changes in immigration patterns, changes in state, federal or foreign laws and regulations affecting the electronic money transfer industry, increases in credit card association fees, utility or system interruptions, the ability to consummate and integrate acquisitions, and other risks detailed in the company's SEC filings, including the most recently filed Form 10-Q or Form 10-K, as applicable. The company undertakes no obligation to revise any of these statements to reflect future circumstances or the occurrence of unanticipated events.

Contact: Jane M. Elliott +1-770-829-8234 Voice +1-770-829-8267 Fax investor.relations@globalpay.com

(All currency in US dollars unless otherwise noted) UNAUDITED CONSOLIDATED STATEMENTS OF INCOME GLOBAL PAYMENTS INC. AND SUBSIDIARIES (In thousands, except per share data) Three Months Ended November 30, 2007 2006 Revenues $308,776 $260,697 Operating expenses: Cost of service 116,513 105,766 Sales, general and administrative 133,518 102,628 Restructuring 314 - 250,345 208,394 Operating income 58,431 52,303 Other income (expense): Interest and other income 4,739 3,728 Interest and other expense (1,268) (1,737) 3,471 1,991 Income before income taxes and minority interest 61,902 54,294 Provision for income taxes (21,023) (17,692) Minority interest, net of tax (2,566) (2,600) Net income $38,313 $34,002 Earnings per share: Basic $0.48 $0.42 Diluted $0.48 $0.42 Weighted average shares outstanding: Basic 79,027 80,147 Diluted 80,506 81,729 UNAUDITED CONSOLIDATED STATEMENTS OF INCOME GLOBAL PAYMENTS INC. AND SUBSIDIARIES (In thousands, except per share data) Six Months Ended November 30, 2007 2006 Revenues $619,756 $521,005 Operating expenses: Cost of service 232,822 203,956 Sales, general and administrative 260,954 201,219 Restructuring 1,317 - 495,093 405,175 Operating income 124,663 115,830 Other income (expense): Interest and other income 9,876 7,324 Interest and other expense (3,141) (3,899) 6,735 3,425 Income before income taxes and minority interest 131,398 119,255 Provision for income taxes (44,806) (38,601) Minority interest, net of tax (4,704) (5,143) Net income $81,888 $75,511 Earnings per share: Basic $1.03 $0.94 Diluted $1.01 $0.92 Weighted average shares outstanding: Basic 79,767 79,939 Diluted 81,209 81,651

CONSOLIDATED CONDENSED BALANCE SHEETS GLOBAL PAYMENTS INC. AND SUBSIDIARIES (In thousands) November 30, May 31, 2007 2007 (Unaudited) Assets Cash and cash equivalents $363,397 $308,872 Accounts receivable, net 83,823 76,168 Claims receivable, net 4,002 2,187 Settlement processing assets 18,697 32,853 Other current assets 40,098 24,349 Current assets 510,017 444,429 Property and equipment, net 134,221 118,495 Goodwill 471,923 451,244 Other intangible assets, net 175,995 175,620 Other assets 10,593 10,841 Total assets $1,302,749 $1,200,629 Liabilities and Shareholders' Equity Lines of credit $679 $ - Settlement processing obligations 61,726 20,617 Payable to money transfer beneficiaries 6,793 6,589 Accounts payable and other accrued liabilities 119,926 115,671 Current liabilities 189,124 142,877 Other long-term liabilities 94,186 85,043 Total liabilities 283,310 227,920 Minority interest in equity of subsidiaries 15,683 14,933 Shareholders' equity 1,003,756 957,776 Total liabilities and shareholders' equity $1,302,749 $1,200,629 UNAUDITED CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOW GLOBAL PAYMENTS INC. AND SUBSIDIARIES (In thousands) Six Months Ended November 30, 2007 2006 Cash flows from operating activities: Net income $81,888 $75,511 Non-cash items Depreciation and amortization 20,978 20,058 Minority interest in earnings 5,139 5,487 Other, net 19,905 15,446 Changes in working capital, which provided (used) cash Settlement processing assets and obligations, net 51,818 9,339 Other, net (30,351) (11,622) Net cash provided by operating activities 149,377 114,219 Cash flows from investing activities: Capital expenditures (22,914) (15,259) Business and intangible asset acquisitions (11,551) (79,530) Net cash used in investing activities (34,465) (94,789) Cash flows from financing activities: Net borrowings on lines of credit 679 - Principal payments under capital leases - (544) Repurchase of common stock (87,020) - Net proceeds under share-based compensation plans and dividends 17,097 14,020 Distributions to minority interests (4,876) (4,707) Net cash (used in) provided by financing activities (74,120) 8,769 Effect of exchange rate changes on cash 13,733 2,573 Increase in cash and cash equivalents 54,525 30,772 Cash and cash equivalents, beginning of period 308,872 218,475 Cash and cash equivalents, end of period $363,397 $249,247

UNAUDITED CONSOLIDATED STATEMENTS OF INCOME GLOBAL PAYMENTS INC. AND SUBSIDIARIES Reconciliation to Exclude Restructuring Charges from Normalized Results (In thousands, except per share data) Three Months Ended November 30, 2007 2006 Normalized Restructuring(1) GAAP GAAP Revenues $308,776 $- $308,776 $260,697 Operating expenses: Cost of service 116,513 - 116,513 105,766 Sales, general and administrative 133,518 - 133,518 102,628 Restructuring - 314 314 - 250,031 314 250,345 208,394 Operating income 58,745 (314) 58,431 52,303 Other income/(expense): Interest and other income 4,739 - 4,739 3,728 Interest and other expense (1,268) - (1,268) (1,737) 3,471 - 3,471 1,991 Income before income taxes 62,216 (314) 61,902 54,294 Provision for income taxes (21,129) 106 (21,023) (17,692) Minority interest, net of tax (2,566) - (2,566) (2,600) Net income $38,521 $(208) $38,313 $34,002 Diluted shares 80,506 - 80,506 81,729 Diluted earnings per share $0.48 $- $0.48 $0.42 (1) Restructuring charges consist of employee termination benefits relating to a facility closure. Also reflects the related income tax benefit using the company's effective tax rate, which is defined as the provision for income taxes divided by income before income taxes and minority interest. UNAUDITED CONSOLIDATED STATEMENTS OF INCOME GLOBAL PAYMENTS INC. AND SUBSIDIARIES Reconciliation to Exclude Restructuring Charges from Normalized Results (In thousands, except per share data) Six Months Ended November 30, 2007 2006 Normalized Restructuring(1) GAAP GAAP Revenues $619,756 $- $619,756 $521,005 Operating expenses: Cost of service 232,822 - 232,822 203,956 Sales, general and administrative 260,954 - 260,954 201,219 Restructuring - 1,317 1,317 - 493,776 1,317 495,093 405,175 Operating income 125,980 (1,317) 124,663 115,830 Other income/(expense): Interest and other income 9,876 - 9,876 7,324 Interest and other expense (3,141) - (3,141) (3,899) 6,735 - 6,735 3,425 Income before income taxes 132,715 (1,317) 131,398 119,255 Provision for income taxes (45,255) 449 (44,806) (38,601) Minority interest, net of tax (4,704) - (4,704) (5,143) Net income $82,756 $(868) $81,888 $75,511 Diluted shares 81,209 - 81,209 81,651 Diluted earnings per share $1.02 $(0.01) $1.01 $0.92 (1) Restructuring charges consist of employee termination benefits relating to a facility closure. Also reflects the related income tax benefit using the company's effective tax rate, which is defined as the provision for income taxes divided by income before income taxes and minority interest.

SEGMENT INFORMATION GLOBAL PAYMENTS INC. AND SUBSIDIARIES (In thousands) Three Months Ended November 30, 2007 2006 Revenues Domestic direct $165,469 $132,522 Canada 65,772 54,766 Asia-Pacific 18,426 14,849 Central and Eastern Europe 14,135 13,248 Domestic indirect and other 10,646 11,419 Merchant services 274,448 226,804 Domestic 28,415 29,888 Europe 5,913 4,005 Money transfer 34,328 33,893 Total revenues $308,776 $260,697 Operating income Merchant services $71,092 $61,281 Money transfer 1,239 4,067 Corporate (13,586) (13,045) Restructuring (314) - Operating income $58,431 $52,303 SEGMENT INFORMATION GLOBAL PAYMENTS INC. AND SUBSIDIARIES (In thousands) Six Months Ended November 30, 2007 2006 Revenues Domestic direct $333,337 $267,964 Canada 132,449 115,684 Asia-Pacific 34,490 20,335 Central and Eastern Europe 27,910 26,523 Domestic indirect and other 22,228 23,614 Merchant services 550,414 454,120 Domestic 57,996 59,190 Europe 11,346 7,695 Money transfer 69,342 66,885 Total revenues $619,756 $521,005 Operating income Merchant services $147,198 $134,242 Money transfer 4,961 8,746 Corporate (26,179) (27,158) Restructuring (1,317) - Operating income $124,663 $115,830

Web site: http://www.globalpaymentsinc.com

Jane M. Elliott of Global Payments Inc., +1-770-829-8234, or fax, +1-770-829-8267, investor.relations@globalpay.com . Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20010221/ATW031LOGO , AP Archive: http://photoarchive.ap.org , PRN Photo Desk, photodesk@prnewswire.com