The total revenues for the fourth quarter of 2011 declined to $471.42m, compared to $478.22m for the same period a year ago.
Income from operations was $20.14m, compared to $14.26m for the same period in the previous year.
The fourth quarter of 2011 results include small and mid-sized enterprise quarterly transaction processing volume of $16.8bn, up 7.1%, compared to the same period in the prior year.
Heartland Payment Systems chairman and CEO Robert Carr said that the company ended the year on a high note with double-digit net revenue growth, expanding margins, strong cash flow and operating earnings that increased over 40% in the quarter compared to the same quarter last year.
"In the quarter, we were successful in both growing our sales organization and setting a new record for relationship manager productivity," added Carr.
