MasterCard provides services in more than 210 countries and territories
|MasterCard Incorporated Reports Strong First Quarter Results|
Purchase NY, May 10, 2005 - MasterCard Incorporated today reported double-digit revenue growth for the first three months of 2005, reflecting the continued support of its member financial institutions around the world. MasterCard's first quarter revenue was $658 million, a 10% increase over the same period last year, adjusted for the impact of currency fluctuation. Net income for the quarter was $93 million, or $0.93 per share, compared to $74 million, or $0.74 per share for the first three months of 2004, a 26% increase.
This press release contains forward-looking information. Although MasterCard believes that its expectations are based on reasonable assumptions, it can give no assurance that its objectives will be achieved. Important factors that could cause actual results to differ materially from forward-looking information contained in this press release include: global political and economic conditions; MasterCard's ability to achieve its strategic objectives; the performance of MasterCard's member financial institutions and the nature of MasterCard's business relationships with these institutions; substantial and increasingly intense competition in the global payments industry; the success of MasterCard's global advertising, sponsorship, promotion and merchant acceptance initiatives; the functionality and security of MasterCard's transaction processing systems; MasterCard's ability to adapt to industry trends with technological and payment program innovations; the resolution of certain legal proceedings and regulatory actions; and changing market dynamics. MasterCard disclaims any obligation to publicly update or revise any forward-looking information.