Profits Dip At Fidelity National Information Services

JACKSONVILLE, Fla. – Fidelity National Information Services reported a 4% decline in first quarter earnings yesterday, but saw an improvement in its adjusted net earnings from continuing operations.

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The provider of back-office services to credit unions and banks reported a first quarter net of $90.1 million, compared with $93.6 million during the same period in 2011.

Net earnings from continuing operations totaled $162.2 million, compared to $137.7 million in the first quarter of 2011.

First quarter revenues were up almost 5% to $1.45 billion.

 


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