Fiserv Reports StrongEarnings
BROOKFIELD, Wis. - (07/22/05) -- Credit union outsourcer Fiservreported a 41% advance in second quarter earnings to $114 million,or 59 cents a share. Revenues for both the second quarter and thefirst half of the year rose 8% to $996.4 million and $1.97 billion,respectively. That pushed first half earnings up 41% to $253million, or $1.30 a share. Second quarter results were aided bythree more acquisitions, of Interactive Technologies, a developerof fee management and billing software; Administrative ServicesGroup, an employees benefits plan administrator; and the U.S.eLending operations of Emergis. Separately, Fiserv said it joinedthe Filene Research Institute's Chairman's Roundtable with a$250,000 contribution to the credit union think tank.