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FIS revenue sees 7.6% growth in Q4 2010

Friday 11 February 2011 11:11 CET | News

In Q4 2010, US-based banking and payments technology provider FIS revenue has seen a 7.6 percent growth to USD 1.4 billion in comparison with the adjusted revenue of USD 1.3 billion registered in Q4 2009.

During the period under review, the company`s consolidated GAAP reached USD1.4 billion, compared to USD 1.3 billion in the same period of the prior year.

GAAP net earnings from continuing operations attributable to common stockholders have amounted to USD 121.3 million, or USD 0.40 per diluted share in Q4 2010, compared to a loss of USD 52.3 million, or USD 0.14 per diluted share registered in Q4 2009.

For the entire year of 2010, the company’s GAAP revenue has recorded USD 5.3 billion compared to USD 3.7 billion in 2009. Net earnings from continuing operations attributable to common stockholders have amounted to USD 447.6 million, or USD 1.27 per diluted share in 2010, in comparison with the previous year when FIS registered USD 106.4 million, or USD 0.44 per diluted share.

The adjusted revenue in 2010 has registered a 4.2 percent growth to USD 5.2 billion, compared to adjusted pro forma revenue of USD 5.0 billion in 2009. Adjusted revenue has increased 3.2 percent for full year 2010 excluding a USD 26.4 million foreign currency benefit and USD 23.4 million in acquired revenue.

On 7 February 2011, FIS has acquired the US integrated funds transfer, web-based cash management systems and anti-money laundering (AML) services provider GIFTS Software.


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Keywords: FIS, revenue, GIFTS Software
Categories: Payments & Commerce
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Countries: World
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