Fidelity National Information Services Inc. said Monday that its fourth-quarter income, boosted by its international and financial solutions businesses, rose 5.8% to $117 million from the same period a year earlier.
The Jacksonville, Fla., company also reported that income for 2011 increased 16.1% to $469.6 million.
FIS’ fourth-quarter revenue climbed 7%, to $1.5 billion, from the same period a year earlier. Financial solutions revenue increased almost 6% to $533.4 million, driven by Capco’s North American operations, growth in account processing and higher services revenue. Capco, which FIS bought in December 2010, is a global business and technology consulting firm.
Fourth-quarter international solutions revenue increased almost 19% to $318.8 million because of growth in all regions, including Brazil card processing and Capco’s European business.
Corporate costs totaled $93.6 million in the quarter, down almost 3% from a year earlier. Recorded in the quarter was about $2.5 million in severance and merger and acquisition costs.
The company said that fourth-quarter results excluded a $13.2 million net benefit related to adjustments from acquiring Capco. It also excluded $38.8 million in debt extinguishment and refinancing costs, $34 million in a non-cash charge related to an other than temporary decline in the market value of a non-strategic investment and $62.1 million in acquisition related amortization.
