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. (FIS) is a global leader at the heart of commerce and financial transactions, powering the world's economy. With a mission to advance the way the world pays, banks, and invests, FIS serves over 20,000 clients and more than one million merchant locations across 130 countries.
FIS offers a comprehensive suite of solutions that span across core processing, payments, risk management, compliance, and outsourcing services. Its clientele includes banks, investment firms, and merchants. By acquiring SunGard in 2015, FIS expanded its capabilities to include record-keeping and other essential services for investment firms. The 2019 acquisition of Worldpay marked FIS's significant entry into the payment processing market, securing leading positions in both the United States and the United Kingdom.
Though FIS has since sold a majority interest in Worldpay, retaining only a minority stake, the company continues to innovate and adapt. Recent achievements include advancements in digital payments and enhanced security measures, enabling seamless and secure financial transactions.
FIS's financial condition remains robust, supported by strategic partnerships and a diversified portfolio of products. Their ongoing projects focus on improving transaction efficiency, enhancing customer experience, and expanding their global footprint. For more information, visit FIS Global.
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.
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