fidelity national informatio (FIS) Key Developments
Fidelity, IBM And Oracle Reportedly Potential Bidders For Monitise
Feb 16 15
Fidelity National Information Services, Inc. (NYSE:FIS) is among the U.S. companies considering a takeover bid for Monitise plc (AIM:MONI), the UK mobile banking software manufacturer which put itself up for sale last month, Mark Kleinman of Sky News reports. Other possible bidders include Oracle corporation (NYSE:ORCL) and International Business Machines Corporation (NYSE:IBM) Kleinman added. He pointed out that all of the takeover discussions are said to be at an early stage.
FIS Global Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter and Full Year of 2015
Feb 5 15
FIS Global reported un-audited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the year, the company’s revenue increase of 6% on a GAAP basis to $6.4 billion from $6.1 billion a year earlier. GAAP net earnings from continuing operations attributable to common stockholders increased to $690.5 million, or $2.39 per diluted share, compared to $490.0 million, or $1.67 per diluted share in 2013. Full year 2014 revenue increased 5% on an organic basis from the prior year, which adjusts for the impact of acquisitions and changes in foreign currency. 2014 adjusted EBITDA increased 5% to $1.9 billion from $1.8 billion a year earlier and non-GAAP adjusted net earnings from continuing operations attributable to common stockholders increased to $895 million from $830 million in 2013. Adjusted net earnings per diluted share increased 10% to $3.10 from $2.82 in 2013. The company reported revenue of $6.4 billion compared to $6.1 billion, operating income of $1.3 billion compared to $1.1 billion, earnings from continuing operations before income taxes of $1.1 billion compared to $823.5 million, net earnings attributable to company common stockholders of $679.1 million or $2.35 per diluted share compared to $493.1 million or $1.68 per diluted share, net cash provided by operating activities of $1.2 billion compared to $1.1 billion, additions to property and equipment of $148.5 million compared to $131.7 million, additions to computer software of $222.7 million compared to $204.5 million, free cash flow of $864.3 million compared to $826.2 million and non-GAAP operating income of $1,516.0 million compared to $1,452.3 million for the last year.
For the quarter, revenue increased to $1.7 billion from $1.6 billion in the fourth quarter of 2013 or 7% on a reported basis. GAAP net earnings from continuing operations attributable to common stockholders were $202.4 million, or $0.71 per diluted share, compared to $74.2 million, or $0.25 per diluted share in the prior year quarter. Non-GAAP adjusted net earnings from continuing operations attributable to common stockholders increased to $249.3 million from $219.8 million in the prior year quarter. Adjusted net earnings per diluted share increased 16% to $0.87 per share from $0.75 per share in the fourth quarter 2013. Fourth quarter 2014 non-GAAP adjusted net earnings from continuing operations excludes costs pertaining to acquisition-related purchase amortization expense of $0.12 per share and acquisition, integration, and severance costs of $0.04 per share. Adjusted EBITDA increased to $525.6 million up 9% from $484.0 million in the prior year quarter. The company reported operating income of $351.1 million compared to $220.7 million, earnings from continuing operations before income taxes of $311.1 million compared to $177.0 million, net earnings attributable to company common stockholders of $195.3 million or $0.68 per diluted share compared to $71.9 million or $0.25 per diluted share, net cash provided by operating activities of $477.8 million compared to $384.4 million, capital expenditures of $98.6 million compared to $97.6 million, free cash flow of $356.8 million compared to $333.7 million and non-GAAP operating income of $417.4 million compared to $384.9 million for the last year.
The company provided earnings guidance for the year 2015. For the year, the company expected revenue growth of 5 to 7%, adjusted EPS from continuing operations of $3.37 to $3.49, an increase of 9 to 13% compared to $3.10 per share in 2014 and free cash flow is expected to approximate adjusted net earnings.
The company expects adjusted EPS to be in the range of $0.67 to $0.72 per share in the first quarter of 2015.
FIS Increases Quarterly Dividend Payable March 31, 2015
Jan 30 15
FIS announced that its Board of Directors has approved an 8% increase in the quarterly dividend of $0.26 per share from $0.24 per share. The dividend is payable March 31, 2015, to FIS shareholders of record as of close of business on March 17, 2015.
Philippine National Bank Selects FIS', Core Banking Solution and Electronic Funds Transfer Switching Solution
Jan 30 15
FIS announced that Philippine National Bank (PNB) has selected FIS' core banking solution, and deployed its leading Electronic Funds Transfer (EFT) switching solution in a fully managed services model. PNB selected FIS for core banking because its comprehensive suite of integrated, end-to-end solutions easily handles customer management, deposits, lending, and financial and management reporting, allowing the bank to increase productivity and lower the cost of its operations. The system also will allow PNB to more easily maintain regulatory compliance and seamlessly expand its abilities as it grows. Meanwhile, the comprehensive functionality and powerful EFT processing capabilities of FIS' CONNEX payments platform will provide the bank with a flexible and scalable system to meet changing business needs and opportunities. Under the terms of a multi-year agreement, FIS fully operates and manages the ATM switching environment, including the complete hardware environment and application software with dedicated application management, operations and FIS specialists at PNB's data center operating on a 24x7 basis.
Fidelity National Information Services, Inc. to Report Q4, 2014 Results on Feb 05, 2015
Jan 8 15
Fidelity National Information Services, Inc. announced that they will report Q4, 2014 results at 8:30 AM, US Eastern Standard Time on Feb 05, 2015