Fidelity National Information Services, Inc. - FIS STOCK NEWS

FIS has launched Digital One Flex Mobile 6.0, an advanced mobile banking application designed to meet the evolving needs of financial institutions and their customers. This new version enhances user experience, security, and money movement capabilities. The application supports mobile and online banking and features a simplified design, robust fraud prevention, and improved functionality. Key features include biometric authentication, internal and external transfers, bill pay, remote deposit capture, and loan payments. This update aims to help banks drive growth in the digital era by offering a streamlined and secure banking experience.

FIS (NYSE: FIS), a global leader in financial technology, is scheduled to present at the J.P. Morgan 52nd Annual Global Technology, Media and Communications Conference on Monday, May 20th, 2024, at 3:50 p.m. (EDT). The presentation will be accessible via a live audio webcast and a replay on the Investor Relations section of FIS’ website. FIS is recognized for delivering innovative solutions to financial institutions, businesses, and developers worldwide, enhancing the way the world pays, banks, and invests. The company is headquartered in Jacksonville, Florida, and is part of the Fortune 500 and the S&P 500 Index.

FIS has launched a new fintech platform called Atelio, providing building blocks for financial institutions, businesses, and software developers to embed financial services into their offerings. Atelio leverages FIS' technology, financial service capabilities, and expertise in risk and compliance. The platform enables easy embedding of financial services, empowering companies to offer services to customers securely and compliantly. Three lighthouse clients are already building on Atelio, showcasing its power and broad distribution channel.

FIS hosted its 2024 Investor Day, outlining a growth strategy as a technology leader with global distribution and a broad suite of solutions. The company introduced a medium-term financial outlook, including expected annual adjusted EPS growth of 9-12%. The event featured discussions on sustainable growth plans and capital allocation priorities.

FIS reported strong first quarter 2024 results, with GAAP Diluted Earnings Per Share of $0.03 for continuing operations and Adjusted EPS of $1.10. Revenue increased 3% to $2.5 billion, and adjusted EBITDA margin expanded by 200 basis points to 39.5%. The company increased its share repurchase goal to $4.0 billion for the year, reaffirmed full-year outlook, and raised adjusted EPS outlook by $0.22. The completion of the Worldpay Sale impacted financial reporting. FIS will host an Investor Day on May 7, 2024, to provide a corporate strategy update.

FIS, a global financial technology leader, declared a regular quarterly dividend of $0.36 per share, payable on June 24, 2024, to shareholders of record as of June 10, 2024.

FIS, a global financial technology leader, will report Q1 2024 financial results on May 6, 2024, followed by an Investor Conference on May 7, 2024. The earnings call webcast will start at 4:30 p.m. (EDT) on May 6, 2024, with no Q&A. The Investor Conference on May 7, 2024, will feature the executive team discussing the company's strategy and financial outlook.

FIS has been named one of the Most Trustworthy Companies in America for the second consecutive year by Newsweek and Statista. The recognition highlights FIS' reputation for providing innovative, reliable, and compliant technology to the financial sector, with a client base including top banks, private equity firms, and asset managers. The award reflects FIS' commitment to client-centric decision-making and digital transformation, showcasing the trust placed in the company by customers, investors, and employees.

FIS has been recognized as a Digital World Class™ Vendor for Credit Management by the Hackett Group. Their GETPAID™ solution was praised for its value, efficiency, and customer experience. The solution utilizes AI and machine learning to enhance cash flow optimization and risk analysis.