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05.02.17

FIS Reports First Quarter 2017 Results

Press Release

  • GAAP revenue increased 3.4 percent, and organic revenue increased 1.7 percent
  • Diluted EPS from continuing operations was $0.41, and Adjusted EPS was $0.86
  • Net cash provided by operating activities was $454 million, and free cash flow was $363 million

Jacksonville, Fla. — May 2, 2017 — FIS™ (NYSE:FIS), a global leader in financial services technology, today reported that first quarter GAAP revenue increased 3.4 percent to $2,255 million from $2,181 million in the prior year quarter. Operating income increased to $260 million for the quarter, from $184 million in the prior year quarter, while operating income margin was 11.5 percent. Net earnings from continuing operations attributable to common stockholders was $138 million for the quarter, or $0.41 per share compared to $0.17 per share in the prior year quarter.

For the first quarter, organic revenue increased 1.7 percent. Adjusted EBITDA increased to $682 million for the quarter, from $637 million in the prior year quarter, while adjusted EBITDA margin was 30.2 percent. Adjusted net earnings from continuing operations attributable to common stockholders was $286 million for the quarter, or $0.86 per share compared to $0.79 per share in the prior year quarter.

“We are very pleased with our strong results for the quarter, which exceeded our expectations and provided us a solid start to the year,” said Gary Norcross, FIS president and chief executive officer. “We continue to see demand for our solutions and services, and are harnessing these opportunities to drive sustained value for our clients and shareholders.”

Click here for additional earnings information.

This entry was posted on Tuesday, May 2nd, 2017 at 11:07 am and is filed under On the Wire.

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