Welcome to our dedicated page for Fidelity Natl Information Svcs news (Ticker: FIS), a resource for investors and traders seeking the latest updates and insights on Fidelity Natl Information Svcs stock.
Fidelity National Information Services (FIS) drives global financial infrastructure through payment systems, banking technology, and enterprise solutions. This dedicated news hub provides investors and professionals with essential updates shaping the fintech landscape.
Access real-time press releases covering earnings announcements, strategic partnerships, and technology innovations. Our curated collection includes regulatory filings, product launch details, and market position updates directly from FIS leadership.
Key coverage areas include digital banking advancements, transaction security enhancements, and global expansion initiatives. Stay informed about developments impacting financial institutions, merchants, and investment firms through primary source materials.
Bookmark this page for streamlined access to FIS's official communications. Combine these updates with sector analysis tools for comprehensive market evaluation.
FIS reported a 1% increase in first-quarter revenue to approximately $3.5 billion, with a 3% organic growth. GAAP diluted EPS rose 20% to $0.24, while adjusted EPS decreased 12% to $1.29. The company raised its full-year guidance and reported strong performance across its Banking and Capital Market Solutions, despite a 1% revenue decline in Merchant Solutions. Adjusted EBITDA margin contracted by 190 bps to 38.7%. The company is progressing with its planned tax-free spin-off of the Merchant Solutions business, expected to complete by early 2024. FIS aims for $1.25 billion in cash savings by 2024 as part of its Future Forward transformation program.
FIS has announced the expansion of its Worldpay merchant business into the UAE, marking a significant move in enhancing its payment processing capabilities. The company has secured a category II payment services license to facilitate card acquiring and disbursements, aimed at supporting local businesses and global merchants. The UAE e-commerce market is projected to reach US$43 billion by 2026, underscoring the region's potential for growth. This expansion aligns with FIS's strategy to bolster its merchant acquiring presence and is backed by insights from The Global Payments Report, which highlights that credit cards were responsible for 41% of e-commerce transactions in 2022.
FIS announced a regular quarterly dividend of $0.52 per common share, payable on June 23, 2023, to shareholders of record as of the close of business on June 9, 2023. This dividend reflects FIS's ongoing commitment to returning value to its shareholders. As a global leader in financial services technology, FIS operates across various sectors, supporting the movement of commerce with innovative solutions.
FIS (NYSE: FIS), a global leader in financial services technology, will announce its first quarter 2023 financial results on April 27, 2023, before the market opens.
The company will host a live webcast of its earnings conference call starting at 8:00 a.m. (EDT) on the same day. Investors can access the webcast through the Investor Relations section of FIS’ website, with a replay available post-event.
FIS provides innovative technology solutions to financial institutions and businesses globally, facilitating the movement of commerce and enhancing customer experiences. Headquartered in Jacksonville, Florida, FIS is a member of the Fortune 500 and the Standard & Poor’s 500 Index.
RIBBIT Inc. has appointed Greg Rable as CEO, effective immediately. Rable, a veteran in fintech and predictive data with over 25 years of experience, formerly led FactorTrust. His expertise will guide RIBBIT's strategic direction and operations, enhancing its mission to provide critical bank behavior data for the non-prime credit sector, which constitutes 47% of Americans. Rable will also remain on the Board of Directors. Former CEO Shawn Princell transitions to a growth role focused on partnerships while also continuing on the Board. This leadership change aims to position RIBBIT as a leader in predictive data for lenders.
In 2022, account-to-account (A2A) payments reached
GoDaddy and Worldpay from FIS have introduced Commerce 360, an all-in-one omnichannel solution aimed at simplifying sales for small retail businesses, both online and offline. This partnership combines GoDaddy's user-friendly business tools with the expertise of Worldpay, the largest payment acquirer. Commerce 360 enables small businesses to accept payments across various channels, including online marketplaces and social media, while providing a custom website and merchant dashboard for easy management. The goal is to empower smaller enterprises with the latest technology to enhance customer experiences.
BetaNXT has appointed Peter Smith as Chief Financial Officer, enhancing its leadership team to focus on operational excellence. Smith brings over seven years of CFO experience, previously at JOFF Fintech Acquisition Corp and Paysafe Group. He will oversee BetaNXT’s global finance function and contribute to M&A activities. The company, backed by Clearlake Capital and Motive Partners, services over 50 million retail accounts and manages $6 trillion in assets, processing more than 35 million transactions daily. Smith expressed enthusiasm for driving growth and innovation in wealth management.
FIS reported a 1% revenue growth for Q4 2022, totaling approximately $3.7 billion. However, it faced significant challenges, including a non-cash goodwill impairment charge of $17.6 billion linked to its Merchant Solutions unit, resulting in a diluted EPS of $(29.28). Adjusted EPS decreased 11% to $1.71. Full-year revenue increased 5% to $14.5 billion, with an adjusted EPS of $6.65, a 2% increase. The company plans a tax-free spin-off of its Merchant Solutions business and aims to enhance efficiencies through its Enterprise Transformation Program, targeting $1.25 billion in cash savings by 2024.
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