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JACKSONVILLE, Fla. – Fidelity National Information Services, the provider of back-office services to credit unions and banks, reported an 18% decline in net income for its second quarter, to $59.6 million.
The decline in second quarter earnings was fueled by a 4% second quarter drop in revenues, to $834.8 millionr. Each of the company’s major units reported declines in second quarter revenues. Financial Solutions declined by 1.4%; Payment Solutions by 0.9% and International by 13.7%.
For the first six months, FIS posted a 5% drop in revenues to $1.63 billion, and a 35% decline in net income, to $95.3 million.
FIS is in the process of acquiring competitor Metavante Technologies in a stock-swap valued at $3 billion.
