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GAAP revenues were $4.91 billion, compared to $3.37 billion in 2018; diluted earnings per share were $2.16 compared to $2.84 in the prior year; and operating margin was 16.1%.
Adjusted net revenue1 grew 48% to $4.59 billion, compared to $3.10 billion in 2018. As previously disclosed, this new non-GAAP revenue convention does not include the addition of network fees.
Adjusted earnings per share grew 20% to $6.22, compared to $5.19 in 2018.
Adjusted operating margin was 39.7%, substantially exceeding our expectations.
The following information was filed by Global Payments Inc (GPN) on Wednesday, February 12, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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