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, Inc. reports developments in financial technology services for banks, financial institutions, businesses and developers. News commonly covers core banking and payments platforms, issuer processing, SaaS reconciliation through FIS Data Integrity Manager, asset servicing tools such as FIS Proxy Voting by Proxymity, and digital money products including Lyriq for tokenized deposits and digital currencies.
Company updates also include client selections, technology partnerships, AI agents for financial-crimes and AML workflows, quarterly results, outlook commentary, dividends, and the integration of completed portfolio actions such as the Issuer Solutions acquisition and Worldpay exit.
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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.