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Q4 2004 Global Payments Inc. Earnings Conference Call - Part 2.
(From Fair Disclosure Wire)
PAUL GARCIA: I think we have discussed in the past of fourth quarter is seasonally lower. So on a percentage basis, you may see it increase, which has been the trend over the last couple of years. We also have in the fourth quarter both DolEx and MUZO for the quarter, which is going to as I mentioned on an earlier question, it's going to make a comparative basis difficult for the year and difficult year-over-year, but overall the margin for the quarter and for the year on the bottom line operating margin improved for both of those measurements. Program center and place are not limited to just the US business and Canada, but they extend ...
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