Fidelity National Information Services (FIS) Tops Q1 EPS by 7c, Revenues Beat; Offers FY19 EPS Mid-Point Guidance Above Consensus

Fidelity National Information Services (NYSE: FIS) reported Q1 EPS of $1.64, $0.07 better than the analyst estimate of $1.57. Revenue for the quarter came in at $2.06 billion versus the consensus estimate of $2.02 billion.

• GAAP revenue decreased 0.5 percent; organic revenue increased 5.1 percent
• Diluted EPS of $0.45; Adjusted EPS increased 9.3 percent to $1.64
• Company raises full-year organic revenue growth guidance

“We are pleased to announce a very strong start to the year driven by robust, ongoing demand for our solutions,” said Gary Norcross, FIS chairman, president and chief executive officer. “Our top-line growth is continuing to accelerate as we deliver long-term value to our clients and shareholders. We are very excited about the pending combination with Worldpay and are focused on closing the transaction in the third quarter of 2019.”

GUIDANCE:

Fidelity National Information Services sees FY2019 EPS of $7.35-$7.55, versus the consensus of $7.41.

For earnings history and earnings-related data on Fidelity National Information Services (FIS) click here.

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