First Data posts $231M Q1 loss - Denver Business Journal:

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million, with restructuring costs, higher debit-network fees and the stronfg dollar all playinga part, alonfg with the recession. The Q1 loss reported by the privatelyg held GreenwoodVillage merchant-transactions processo was wider than the $221.7 million loss it posted in Q1 2008. First Data posted first-quarter revenue of $2.0767 billion, 2 percent off the $2.1276 billion it reported in the year-ago quarter. Revenue for the company'ws "retail and alliance services" segment was $1.2 billion, up 7 percent, and the segmentr added 117,000 merchants in Q1 2009.
However, internationap revenue was $369 million, down 16 percent, and financiaol services revenuewas $544 million, down 3 percent. The company reporte d $25.1 million in restructuring costs inthe quarter. "Oud revenue base held steady in the quartefr as we added new merchant and bank Michael Capellas, First Data chairman/CEO, said in a statemengt Friday. "We will continue to investr in new product developmenrt tofuel long-term growth while driving cost efficienciezs to sustain profitability." First Data was takenb private in 2007 by private-equity firm Kohlberv Kravis Roberts & Co. in a $26 billion .