For the second quarter, Fidelity National Information Services (FIS) saw a rise in net income.
Earnings and Revenue
The company posted revenues in line with analyst predictions, though the company's EPS came up short of expectations. The company reported EPS of 50 cents a share versus the 57 cents a share estimate and revenues of $1.46 billion versus the $1.46 billion estimate.
The company's net income for the quarter was $150.6 million. This is 21.9% higher than the year-ago quarter. Revenue climbed 1.3% from $1.44 billion in the same period last year.
Company Fundamental Trends
The company's revenue has grown during at least each of the past four quarters on a year-over-year basis.
History Against Expectations
The company missed estimates last quarter after meeting expectations the quarter before. It reported net income of 51 cents.
"We are very pleased with the continued organic growth, margin expansion and double-digit increase in earnings per share," stated Frank Martire, chairman and chief executive officer of FIS. As always, we are focused on serving our clients, executing our business strategy and increasing value to our shareholders."
Estimates provided by Zacks Investment Research and company fundamentals from Xignite Financials.