May 6 (Reuters) - Global Payments ( GPN ) reported a rise in first-quarter adjusted

profit on Tuesday, bolstered by consistent revenue growth from its merchant solutions business.

WHY IT'S IMPORTANT

Strong wage growth and low unemployment helped consumer spending levels in the reported

quarter, despite some customers reducing discretionary spending due to U.S. President Donald

Trump's tariff-related inflation concerns and growth uncertainties.

Consumer spending levels in an economy directly affect the earnings of payment technology

companies such as Global Payments ( GPN ).

CONTEXT

Global Payments ( GPN ) has intensified its focus as a pure-play payments processor business in

recent times through acquisitions as it looks to attract larger corporate clients.

The company agreed to buy rival Worldpay from FIS and private equity firm GTCR for

$24.5 billion in a three-way deal, announced last month.

As part of the deal, Global Payments ( GPN ) will sell its issuer solutions unit, which offers card

processing and account services, to FIS for $13.5 billion.

BY THE NUMBERS

On an adjusted basis, Global Payments ( GPN ) reported a 0.5% rise in its merchant solutions revenue

and a 2.6% rise in its issuer solutions business.

Net profit attributable, also on an adjusted basis, to the company rose to $665.3 million,

or $2.69 per share, in the three months ended March 31, compared with $634.2 million, or $2.46

per share, a year earlier.