Banking and payments-technology company Fidelity National Information, or FIS, on Oct. 26 reported net income of $134.3 million for the third quarter ended Sept. 30, up 101.7% from $66.6 million during the same period last year. Revenues totaled $1.37 billion, up 65.3% from $828.7 million.
Payment Solutions unit revenue declined 1.9%, to $600.6 million from $612.2 million. Growth in the unit was offset by lower item processing and retail check activity, FIS noted in its earnings release.
Financial Solutions revenue increased by 10.5%, to $485.4 million from $493.3 million, driven by growth in professional services, software-license sales and account-processing revenue, FIS said.
International Solutions revenue totaled $199.4 million, up 2.3% from $194.9 million, as payment volumes in Brazil and Asia Pacific grew, the company said.
