TNS, Inc. (NYSE: TNS), a leading provider of business-critical, cost-effective data communications services for transaction-oriented applications, today reported its fourth quarter 2011 results.
Henry H. Graham, Jr., CEO, commented, “Fourth quarter revenue and adjusted earnings were solid, with revenue within our expectations and adjusted earnings at the upper end of our outlook range excluding the gain on foreign exchange revaluation. Our three divisions performed as expected overall, with Telecommunication Services Division year-over-year growth driven by identity and verification, roaming and clearing and Cequint. International revenue growth in our Payments and Financial Services Divisions continued to partially offset North American revenue decreases. 2011 was one of continuing transformation for TNS. We believe we are returning to consistent earnings growth as our investments in our four key growth areas are beginning to pay off.”
Mr. Graham continued, “Our four key growth areas together, which include our TNSPay services suite, verification, roaming and clearing services, and our mobile applications, accounted for 11% of 2011 revenue. We believe these initiatives will continue to grow at an accelerated rate and become 13% - 14% of our total revenue in 2012. We believe this, when combined with an anticipated 1% - 3% growth rate for our core services, including network services, caller name services, and payment processing, should yield a blended 4% - 6% revenue growth rate leading to 7% - 14% adjusted earnings growth in 2012. We believe our growth initiatives will generate increasing return on investment and higher operating margins as we increase the scale of these offerings in 2013 and beyond. Overall, we believe this strategy will also continue to position us to gain market share in our target markets.”
Fourth Quarter 2011 ResultsTotal revenue for the fourth quarter of 2011 increased 4.2% to $140.3 million from fourth quarter 2010 revenue of $134.7 million. On a constant dollar basis, revenues for the fourth quarter of 2011 increased 4.1% to $140.2 million.
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