Strong growth abroad helped the Jacksonville, Fla., financial technology provider Fidelity National Information Services Inc. report that second-quarter revenue rose 15.1% from a year earlier, to $1.2 billion.
Its earnings rose 29.9%, to $91.4 million, Fidelity National said Tuesday. Cash earnings per share, excluding certain nonrecurring items, of 59 cents a share met Wall Street's expectations. Related Links
Revenue from the transaction processing division rose 16%, to $709.7 million, and revenue from that unit's international operations rose 44.3%, to $143.3 million. The company said that new sales and an item processing operation in Brazil were key factors in this growth.
Fidelity National reiterated its full-year guidance of adjusted earnings of $1.97 to $2.03 per diluted share. Its $1.8 billion purchase of eFunds Corp., expected to close at the end of this quarter, will be neutral to earnings this year.
Also Tuesday, Fidelity National said that Wachovia Corp. has agreed to use more of its mortgage servicing and card processing capabilities.
The Charlotte company has used Fidelity National's Mortgage Servicing Package for 10 years to record monthly payments on its portfolio of first mortgages. Under the expanded, multiyear contract, Wachovia also will use a system for securitization, default and escrow management, and monitoring regulatory compliance for home equity loans.
