May 01, 2012 04:01 PM Eastern Daylight Time
Fiserv Reports First Quarter 2012 Results
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| Logo for Fiserv (Photo credit: Wikipedia) |
- Adjusted internal revenue growth of 4 percent;
- Adjusted EPS increases 18 percent to $1.20;
- Full year 2012 guidance affirmed
BROOKFIELD, Wis.--()--Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, today reported financial results for the first quarter of 2012.
“We are off to a great start in 2012 with above plan performance for revenue and earnings per share in the quarter”
GAAP revenue in the first quarter was $1.11 billion compared with $1.05 billion in the first quarter of 2011. Adjusted revenue was $1.03 billion in the first quarter compared with $982 million in 2011, an increase of 5 percent.
GAAP earnings per share from continuing operations for the first quarter was $0.95 compared with $0.77 in the first quarter of 2011. Adjusted earnings per share from continuing operations in the first quarter increased 18 percent to $1.20 compared with $1.02 in the comparable quarter of 2011.
“We are off to a great start in 2012 with above plan performance for revenue and earnings per share in the quarter,” said Jeffery Yabuki, President and Chief Executive Officer of Fiserv. “There is continuing evidence that our broad range of technology solutions will support the needs of the evolving financial services market.” read more
