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First Data Q1 revenues increase 16 percent y-o-y |
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E-commerce and e-payment services provider First Data saw its Q1 revenues increase 16 percent y-o-y to USD 2.1 billion. EBITDA was up 8 percent y-o-y in Q1 to USD 586 million.
Loss from continuing operations was USD 222 million, but included USD 303 million of incremental interest expense, net of tax, and USD 118 million of incremental depreciation and amortisation, net of tax, compared to Q1 2007. Both the incremental interest expense and depreciation and amortisation are primarily attributable to the transaction with affiliates of Kohlberg Kravis Roberts & Co. |
