FIS Reports First Quarter 2018 Results 

FIS™ (NYSE:FIS), a global leader in financial services technology, today reported first quarter 2018 results.  

Key Facts:

  • GAAP revenue decreased 3.8 percent; organic revenue increased 3.3 percent
  • Diluted EPS increased 38.5 percent to $0.54; Adjusted EPS increased 32.9 percent to $1.09
  • Company raises full-year EPS guidance, based on strength of first quarter operating performance

GAAP revenue decreased 3.8 percent to $2,066 million from $2,148 million in the prior year quarter. Operating income increased to $294 million from $246 million in the prior year quarter, while operating income margin expanded 280 basis points to 14.2 percent. Net earnings attributable to common stockholders was $182 million for the quarter, or $0.54 per diluted share, compared to $0.39 per diluted share in the prior year quarter, an increase of 38.5 percent.

For the first quarter, organic revenue increased 3.3 percent. Adjusted EBITDA increased to $705 million for the quarter, from $661 million in the prior year quarter, while adjusted EBITDA margin expanded 340 basis points to 34.1 percent. Adjusted net earnings attributable to common stockholders was $363 million for the quarter, or $1.09 per diluted share, compared to $0.82 per diluted share in the prior year quarter, an increase of 32.9 percent.

“The results for the quarter provided us a very strong start to 2018,” said Gary Norcross, FIS president and chief executive officer. “We are seeing an increase in demand for our solutions, as evidenced by our increased growth rate as well as our strong signings in new sales for the quarter.”

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