Fidelity National Information Services Inc. Earnings: Revenue Increase Helps Margin, Net Income Climbs
S&P 500 (NYSE:SPY) component Fidelity National Information Services, Inc. (NYSE:FIS) reported its results for the fourth quarter. Fidelity National Information Services offers technology solutions, processing services to the financial services industry.
Investing Insights: Will the iPad 3 Be the Next Catalyst for Apple’s Stock?
Fidelity National Information Services Earnings Cheat Sheet for the Fourth Quarter
Results: Net income for the business services company rose to $117 million (39 cents per share) vs. $110.6 million (36 cents per share) in the same quarter a year earlier. This marks a rise of 5.8% from the year earlier quarter.
Revenue: Rose 7% to $1.49 billion from the year earlier quarter.
Actual vs. Wall St. Expectations: Fidelity National Information Services, Inc. reported adjusted net income of 66 cents a share. By that measure, it beat the mean analyst estimate of 65 cents per share. Analysts were expecting revenue of $1.49 billion.
Revenue has risen the past four quarters. Revenue increased 4.3% to $1.43 billion in the third quarter. The figure rose 12.1% in the second quarter from the year earlier and climbed 10.7% in the first quarter from the year-ago quarter.
Margins rose in the third quarter after falling the quarter before. Gross margin rose 0.9 percentage point to 32.4% from the quarter earlier quarter. In the second quarter, the figure rose 3.4 percentage points to 31% from the year earlier quarter.
Looking Forward: Expectations for the first quarter of the next fiscal year have not changed from 52 cents. For the fiscal year, the average estimate has been unchanged at $2.27 a share.
(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)
To contact the reporter on this story: Derek Hoffman at email@example.com
To contact the editor responsible for this story: Damien Hoffman at firstname.lastname@example.org