Earnings Surge At Fidelity National Information Services
JACKSONVILLE, Fla. – Fidelity National Information Services reported yesterday that second quarter earnings, fueled by last year’s acquisition of Metavante Technologies, soared 52% to $89.9 million.
Revenue for the second quarter rose 2.4% to $1.29 billion, as results included the January completion of the Metavante deal.
During the quarter, FIS recorded after-tax merger and integration costs and recapitalization costs totaling $41.2 million. The deferred revenue adjustment impacted after-tax earnings by $3.3 million.
For the first six months of the year, FIS reported a 56% increase in revenues to $2.54 billion, and a 99% increase in profits to $183.5 million.