Revenue for the fourth quarter fell to $1.93 billion from $1.99 billion, while analysts were modeling $1.90 billion.

Global Payments raised its synergy expectations related to its merger with TSYS. The company now expects annual run-rate synergies of at least $150 million in revenue and $400 million in expenses by September 2022, both of which were $25 million above the company’s prior estimates.

The company issued a full-year forecast calling for $7.5 billion to $7.6 billion in adjusted net revenue and $7.75 a share to $8.05 a share in adjusted earnings. Analysts tracked by FactSet were modeling $7.58 billion in adjusted revenue and $8.00 a share in adjusted earnings.

Global Payments announced that its board of directors approved an increase to the company’s buyback authorization, bringing the total amount available to $1.5 billion. Through the program, the company plans to conduct an accelerated share-repurchase program of $500 million “in the coming days.”

The company also announced a strategic partnership with Alphabet’s GOOGL, -0.37% GOOG, -0.49% Google, through which the company will provide merchant-acquiring services to Google and move much of its acquiring technology to Google Cloud.

As part of the partnership, Google will integrate Global Payments’ software with its own application programming interfaces (APIs) for products like Google Workplace and Google Ads, something that could create “a much more seamless experience,” Global Payments President Cameron Bready.

The COVID-19 crisis has accelerated digital commerce to the point where “businesses of all sizes have to put together capabilities that they need to scale quickly,” said Kirsten Kliphouse, the vice president for Google Cloud’s North America business. She argued that this dynamic drives a greater need for integrated services.

The two companies will also engage in a co-selling relationship, with their salesforce teams working together to talk with customers about each others’ products as a way of showing how the integrated experience could help customers better meet their business objectives.

Global Payments Chief Executive Jeff Sloan said on the company’s earnings call that there’s an “actual quota at the Google level for Google sales reps to sell our products and services into the Google base,” while Global Payments representatives will work to sell Google services.

Global Payments shares have gained 14% over the past three months as the S&P 500 SPX, +0.38% has risen 11%.