![]() Adjusted EBITDA margin expanded by 30 basis points over the prior-year period to 48.2% primarily due to strong contribution margins from revenue growth. US volume increased 7%, and transactions increased 6% as compared to the prior-year period.ġ Volume refers to the total dollar value of the transactions processed during the stated period.Ģ Transaction refers to an instance of buying or selling a good or service in exchange for money.įirst quarter revenue increased by 6% on a GAAP basis, and 7% on an organic basis as compared to the prior-year period to $663 million primarily due to strong recurring revenue growth. In the quarter, global volume increased 7% on a reported basis, and 9% on a constant currency basis, as compared to the prior-year period to $551 billion. Adjusted EBITDA margin contracted by 350 basis points to 43.5% primarily due to revenue mix. ![]() ![]() Adjusted EBITDA margin contracted by 250 basis points as compared to the prior-year period to 40.1% primarily driven by revenue mix.įirst quarter revenue decreased by 1% on a GAAP basis, and increased 2% on an organic basis as compared to the prior-year period to $1.1 billion primarily due to ongoing e-commerce strength and increased volumes. Adjusted net earnings were approximately $767 million, and Adjusted EPS decreased by 12% as compared to the prior-year period to $1.29 per diluted share.įirst quarter revenue increased by 2% on a GAAP basis, and 2% on an organic basis as compared to the prior-year period to $1.7 billion primarily due to higher recurring revenue from processing volumes and professional services. Adjusted EBITDA margin contracted by 190 basis points (bps) over the prior-year period to 38.7%. On an organic basis, consolidated revenue increased 3% as compared to the prior-year period primarily due to strong recurring revenue growth and professional services in Banking, increased Merchant volumes and continued strength in Capital Markets. Net earnings attributable to common stockholders were $140 million or $0.24 per diluted share. On a GAAP basis, consolidated revenue increased 1% as compared to the prior-year period to approximately $3.5 billion. As economies remain challenged by macroeconomic uncertainties, FIS’ diversified client base remains a position of strength and we are continuing to unlock financial technology for our clients to drive the financial world forward.” “We are also beginning to see positive results from our Future Forward enterprise transformation program and its focus on driving a more efficient, effective and growth-enabled FIS. “We are very pleased with our strong start to the year, surpassing our financial targets for the first quarter, raising our full-year guidance and making meaningful progress with our previously announced spin-off of our Merchant business,” said FIS CEO and President Stephanie Ferris. JACKSONVILLE, Fla., Ap– FIS® (NYSE: FIS), a global leader in financial services technology, today reported its first quarter 2023 results. Announces increase to full-year 2023 outlook.Generated first quarter GAAP Diluted EPS of $0.24 and Adjusted EPS of $1.29.Increased first quarter revenue 1% on a GAAP basis and 3% on an organic basis to $3.5 billion.Modernize treasury and optimize the balance sheetĬonsolidate and automate for maximum efficiencyĮngage your customers across every channel ![]() Increase revenue through smarter centralization, authorization and validation Simplify domestic and international payoutsĪccelerate real-time and other account-to-account payments Power payments on your marketplace or platform Modernize, launch and scale banking innovation Modernize customer deposits and increase satisfactionĭrive operational efficiency and customer satisfaction Optimize the onboarding experience across digital channels Modernize asset finance for the digital age Grow Commercial Banking and Asset Financeĭeliver an exceptional customer experience.Build deeper relationships across digital and physical channels
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