Fidelity National Information ReportsPost-Merger Financials
JACKSONVILLE, Fla. - (07/27/06) -- Fidelity National InformationServices reported Wednesday that net income rose 36% to $66million, compared to last year's second quarter, but earnings pershare declined 11% to 34 cents a share, due to the dilution causedby February's merger with Certegy Inc. The company, one of thebiggest outsourcers of back-office credit union services, said themerger pushed total revenues 44% higher to $1.02 billion for thequarter. Fidelity National Information is in the process of afinancial re-engineering in which its parent, Financial NationalFinancial is spinning it and its Fidelity National Title unit offinto separate companies. Fidelity National Information includes theremnants of Aurum Technology, ALLTEL Information Services, VISTAInformation Solutions, Sanchez Computer Associates and InterCept,as well as Certegy.