Second Quarter Earnings Plunge At FIS

JACKSONVILLE, Fla. – FIS, formerly Fidelity National Information, reported a 30% decline in second quarter profits to $104.8 million, as a result of debt restructuring and costs related to a 2010 acquisition of Capco, the company’s global consulting business.

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Second quarter revenue rose 4% to $1.51 billion.

For the six months of the year FIS reported a 4% rise in revenue to $2.99 billion, and a 5% increase in net income to $248.9 million.

“We are pleased with our financial results through the first half of 2013, which are in line with our expectations,” said Frank Martire, CEO of FIS.


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