Amadeus IT Group SA said its normalized net income for the first quarter came to 52 euro cents per share, compared with the S&P Capital IQ consensus estimate of 64 cents per share.

EPS increased 15.3% year over year from 45 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €228.3 million, a gain of 15.5% from €197.6 million in the prior-year period.

The normalized profit margin rose to 18.3% from 17.6% in the year-earlier period.

Total revenue grew 11.7% year over year to €1.25 billion from €1.12 billion, and total operating expenses climbed 12.4% year over year to €872.4 million from €776.5 million.

Reported net income grew 24.6% year over year to €270.6 million, or 62 cents per share, from €217.2 million, or 50 cents per share.