The prior year results were adjusted to exclude one-time non-cash benefit of $208m related to the re-measurement of net deferred tax liabilities taken in the fiscal second quarter of 2012.
On a GAAP basis, its net income for the quarter decreased by 2% and diluted earnings per share increased by 1% over the prior year.
Net operating revenue for the current quarter period stood at $3bn, with an increase of 15% over the prior year, backed by growth in service revenues, data processing revenues and international transaction revenues.
Total operating expenses were $1.1bn, up by 13% over the prior year, primarily due to personnel, marketing and network and processing fees associated with investments in technology projects to support our global growth initiatives.
The payments technology company currently connects consumers, businesses, financial institutions and governments in more than 200 nations and regions and offers fast, secure and reliable electronic payments channel.
