May 7 (Reuters) - Business payments firm Corpay ( CPAY )

reported a jump in first-quarter adjusted profit on Thursday,

driven by growth in its corporate and vehicle payments segments.

* Corpay's ( CPAY ) corporate payments business, which automates and

manages vendor payments, saw quarterly revenue grow 46% from a

year earlier to $503.9 million.

* The vehicle payments segment saw quarterly net revenue

jump 19% from a year earlier to $563.9 million, while total

revenue surged 25% to $1.26 billion.

* The segment benefited from higher fuel prices during the

period, which lifted transaction values and fee income.

* On an adjusted basis, Corpay ( CPAY ) reported a quarterly profit

of $397.2 million, or $5.80 per share, compared to $322.9

million, or $4.51 per share, a year earlier.

* "We are raising our full-year outlook as a result of our

first-quarter over-performance, the expected higher rest-of-year

fuel prices and our first-quarter fundamental trends running

ahead of our expectations," said Peter Walker, the company's

finance chief.

* Annual revenue is now expected between $5.25 billion and

$5.33 billion, compared with its prior forecast of $5.22 billion

and $5.32 billion.