TNS, Inc. a leading provider of business-critical, cost-effective data communications services for transaction-oriented applications, today reported its second quarter 2009 results.
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Q2 2009 GAAP EPS of $0.02.Adjusted earnings of $0.56 per share, excluding $0.05 of costs related to the acquisition of the Communication Services Group (CSG) from VeriSign
Q2 adjusted EPS benefited from Higher than expected contribution from the Telecommunication Services Division and stronger POS division performance added $0.03,Lower than expected depreciation expense contributed $0.04,Lower than forecast negative foreign currency translation impact contributed $0.02
Second quarter 2009 results include CSG as part of the Telecommunication Services Division’s results from the May 1, 2009 date of acquisition and are therefore not comparable to year-ago reported results.Strong cash flow generation enabled $20 million of debt repayments in Q2 and $15 million of debt repayments in July 2009 .
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