Global Payments Inc. reported consolidated unaudited earnings results for the second quarter and six months ended November 30, 2013. For the quarter, the company has posted revenue of $634,122,000 against $588,538,000 a year ago. Operating income was $111,907,000 against $116,582,000 a year ago. Income before income tax was $109,170,000 against $104,160,000 a year ago. Net income was $79,857,000 against $75,371,000 a year ago. Net income attributable to company was $73,897,000 or $1.02 diluted per share against $70,183,000 or $0.89 diluted per share a year ago. The company generated free cash flow of $91 million in the quarter. Capital expenditures totaled $21 million for the quarter.

For the six months, the company has posted revenue of $1,263,807,000 against $1,178,825,000 a year ago. Operating income was $219,291,000 against $197,070,000 a year ago. Income before income tax was $212,013,000 against $183,086,000 a year ago. Net income was $151,565,000 against $129,533,000 a year ago. Net income attributable to company was $138,540,000 or $1.88 diluted per share against $116,858,000 or $1.48 diluted per share a year ago. Net cash provided by operating activities was $411,683,000 against $124,793,000 a year ago. Capital expenditures were $41,178,000 against $54,393,000 a year ago.

The company is raising its full-year expectations for diluted earnings per share on a cash basis by five cents to a range of $4.03 to $4.10, or growth of 10% to 12% over fiscal 2013. Annual fiscal 2014 GAAP diluted earnings per share is now expected to be $3.45 to $3.52. The company maintains its expectations for annual revenue of $2.51 billion to $2.56 billion, or 6% to 8% growth over fiscal 2013. The company confirmed that it remains on track to achieve stable total company cash operating margin for the full year. The company continues to expect both GAAP and cash effective tax rates to approach 29% for the full year. Full year capital expenditures will be about $90 million.