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Progress reported in the third quarter of 23 concerning Global Payments' acquisition of EVO.

Q3 23 saw steady expansion for Global Payments, primarily attributed to the acquisition of EVO Payments and robust consumer spending endurance.

Progress Reported in Q3 '23 for Global Payments' Advancement in EVO Acquisition
Progress Reported in Q3 '23 for Global Payments' Advancement in EVO Acquisition

Progress reported in the third quarter of 23 concerning Global Payments' acquisition of EVO.

Global Payments, a leading provider of payment technology solutions, has announced its Q3 2023 results, showcasing a robust performance and maintaining its full-year guidance.

The company's adjusted net revenue for Q3 2023 stood at $2.23 billion, marking a 9% increase year-over-year. Excluding dispositions, this figure represents a significant 17% growth. The growth was primarily driven by the company's acquisition of EVO Payments, completed in May 2023, and resilient consumer spending.

However, FX headwinds slightly offset the growth in Q3 2023. Despite this, Global Payments estimates full-year adjusted operating margin expansion of up to 120 basis points, with the adjusted operating margin for Q3 2023 standing at 45.7%, up 50 basis points from the same quarter last year.

Global Payments' guidance for the full year remains the same, with the company estimating full-year revenue growth of 7-8% to around $8.7 billion. This optimistic outlook, according to the company, is in spite of a 'more tempered economic environment' and 'continued uncertainty'.

For those interested in cross-border payments, Global Payments offers a valuable resource. The company provides a platform for research and analysis on cross-border payments globally, accessible through its industry-leading newsletter. Account holders can access detailed information about cross-border payments, as well as industry-leading news and analysis, through this newsletter.

Global Payments' newsletter is one of the industry's leading sources for news and analysis, making it a valuable tool for those seeking insights into cross-border payments. The newsletter is free and offers extensive research and analysis on cross-border payments globally.

It's important to note that while the name of the CEO who reported on the consolidation of the merger with EVO Payments is not directly available in the provided search results, the acquisition has undoubtedly played a significant role in Global Payments' growth.

In conclusion, Global Payments' Q3 2023 results demonstrate the company's resilience in the face of economic challenges and its commitment to providing valuable resources for those interested in cross-border payments. With its robust performance and optimistic outlook, Global Payments continues to be a key player in the payment technology industry.

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