BROOKFIELD, Wis. – In another sign of the lifting cloud over financial institutions, Fiserv yesterday reported an 18% surge in first quarter earnings to $132 million.
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The leading provider of back-office services for credit unions and banks said revenue increased 5.7% to $1.1 billion in the first quarter, from $1.05 billion for the same quarter in 2011.
“We are off to a great start in 2012, with above-plan performance for revenue and earnings per share in the quarter,” said Jeffery Yabuki, president of Fiserv. “There is continuing evidence that our broad range of technology solutions will support the needs of the evolving financial services market.”
