Fidelity National Information Services Inc.'s third-quarter earnings topped Wall Street's expectations.
The Jacksonville, Fla., core vendor, a major information technology provider to banks, said its profit fell 82% from a year earlier, to $43.6 million. It said nearly half of the drop came from discontinued operations, such as its mortgage servicing business, which it spun off in July.
Fidelity said its revenue grew 25.4%, to $893.8 million, including $142.8 million attributable to eFunds Corp., which Fidelity bought in September 2007. Excluding eFunds, organic revenue rose 9.4%, Fidelity said. It said its non-GAAP adjusted net earnings from continuing operations were 42 cents a share. On average, analysts had expected 40 cents a share on $871 million of revenue.