Acquisition Fuels Fidelity National Information Second Quarter Gains
JACKSONVILLE, Fla. – Fidelity National Information Services said last year’s deal for Capco Group helped push second quarter earnings up 37% to $123.5 million.
The Capco deal helped push second quarter revenues up 13% to $1.44 billion, with both the company’s financial solutions and international solutions units reporting big gains related to the acquisition.
As a result, revenues for the first six months of the fiscal year were up 13% to $2.8 billion, while net income rose by 18% to $216.3 million.
“We are pleased with the continued revenue momentum and the strong growth in earnings per share,” said Frank Martire, president and CEO of FIS. “These results reflect our ongoing focus on expanding client relationships, driving operational excellence and further extending our market leadership position.”