Fidelity National Information Reports Post-Merger Financials
JACKSONVILLE, Fla. -- Fidelity National Information Services reported Wednesday that net income rose 36% to $66 million, compared to last year's second quarter, but earnings per share declined 11% to 34 cents a share, due to the dilution caused by February's merger with Certegy Inc. The company, one of the biggest outsourcers of back-office credit union services, said the merger pushed total revenues 44% higher to $1.02 billion for the quarter. Fidelity National Information is in the process of a financial re-engineering in which its parent, Financial National Financial is spinning it and its Fidelity National Title unit off into separate companies. Fidelity National Information includes the remnants of Aurum Technology, ALLTEL Information Services, VISTA Information Solutions, Sanchez Computer Associates and InterCept, as well as Certegy.