JACKSONVILLE, Fla. – Fidelity National Information Services reported fourth quarter net income of $117 million, up 7% from a year ago.
The company reported $1.5 billion in revenues for the quarter, up from $1.4 billion for the same quarter in 2010.
Approximately $16.3 million of integration, severance and merger and acquisition costs are included in the current quarter’s results, the company noted.
Fourth quarter revenues for the company’s Financial Solutions unit increased 5.9% to $533.4 million compared to $503.5 million in the 2010 quarter, driven by the addition of Capco’s North American operations. Payment Solutions revenue increased 2.2% to $642.0 million and International Solutions revenue increased 18.9% to $318.8 million.
For the full year revenues increased 7.5% to $5.7 billion, and net income rose 16% to $469.6 million.
