Fidelity National Information

SunGard was an American multinational company based in Wayne, Pennsylvania, which provided software and services to education, financial services, and public sector organizations. It was formed in 1983, as a spin-off of the computer services division of Sun Oil Company. The name of the company originally was an acronym which stood for Sun Guaranteed Access to Recovered Data, a reference to the disaster recovery business it helped pioneer. SunGard was ranked at 480th in the U.S. Fortune 500 list in the year 2012.

SunGard

Fidelity National Information Services, Inc. engages in the provision of technology solutions for financial institutions and businesses. It operates through the following segments: Banking, Capital Markets, and Corporate and Other. The Banking segment focuses on serving financial institutions with core processing software, transaction processing software, and complementary applications and services. The Capital Markets segment provides global financial services with buy- and sell-side solutions. The Corporate and Other segment includes corporate overhead expense, leveraged functions, and miscellaneous expenses. The company was founded in 1968 and is headquartered in Jacksonville, FL.

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FIS meets Q4 goals, targets growth and efficiency in 2023

FIS reports strong Q4 performance with 4% organic revenue growth and margin expansion. 2023 priorities include consistent earnings growth and cash flow increase.
Strategic initiatives focus on client-centric culture and operational efficiency. Challenges in closing deals in Banking Solutions persist, but opportunities lie in accelerated growth and margin expansion.
Capital allocation priorities and Future Forward program drive value creation for shareholders. Company aims for mid-single-digit growth trajectory in 2023.

FIS surpasses Q1 expectations, eyes growth amid sector challenges

FIS delivered strong Q1 performance, exceeding expectations across the board.
While facing challenges in certain segments, opportunities for growth and efficiency are clear.
Strategic initiatives and focus on higher-margin products position FIS well for the future.
Maintaining a balance between cost savings and revenue growth is key for sustained success.

FIS exceeds Q2 expectations, focuses on efficiency and growth

FIS's Q2 2023 earnings call highlighted exceptional financial results, strategic transactions, and a focus on operational efficiency. The company's strong performance, coupled with increased guidance and capital allocation priorities, underscores its commitment to long-term value creation. While facing challenges related to post-transaction dynamics, FIS is well-positioned to capitalize on opportunities for growth and margin enhancement.

FIS reports strong Q3 earnings, eyes recurring revenue growth

FIS delivered a strong performance in Q3, with a focus on recurring revenue growth and shareholder value. The company is well-positioned as a leading software solutions provider globally, with a robust sales pipeline and a positive employee culture. Challenges include nonrecurring items impacting Q4 numbers and potential economic softening.

FIS exceeds Q4 expectations, eyes growth in digital and ESG

FIS's Q4 2023 earnings call highlighted exceptional performance, strategic initiatives, and a positive outlook for 2024. The company's focus on operational excellence, margin expansion, and shareholder returns underscores confidence in its future. Challenges in managing integration costs and program expenses are being addressed to sustain growth.

FIS surpasses Q1 targets, raises outlook on strong earnings

FIS had a strong start to 2024, exceeding financial commitments and demonstrating solid growth in key segments. Despite challenges in free cash flow conversion, the company remains confident in achieving its full-year targets. Opportunities lie in accelerating revenue growth, margin expansion, and leveraging favorable factors for improved financial performance.

FIS exceeds Q2 targets, raises EPS outlook amid strategic growth

FIS reports strong Q2 performance, exceeding targets with revenue growth and margin expansion. Strategic partnerships and client wins drive growth, while cost management boosts profitability. Despite debt levels, raised EPS outlook and focus on margin expansion signal positive outlook.

FIS reports robust Q3 results, eyes growth in digital and banking sectors

FIS's Q3 performance reflects financial strength and strategic execution, with revenue growth, margin expansion, and shareholder returns driving value creation.
While facing challenges in revenue growth and interest expenses, FIS remains well-positioned to capitalize on opportunities in digital, banking solutions, and M&A activities.
Overall, FIS's strong performance, strategic acquisitions, and market positioning signal a positive outlook for sustained growth and profitability in the future.

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Fidelity National Information Services, Inc. engages in the provision of technology solutions for financial institutions and businesses. It operates through the following segments: Banking Solutions, Capital Markets Solutions, and Corporate and Other. The Banking Solutions segment focuses on serving financial institutions with core processing software, transaction processing software, and complementary applications and services. The Capital Markets Solutions segment provides global financial services with buy- and sell-side solutions. The Corporate and Other segment includes corporate overhead expense, leveraged functions, and miscellaneous expenses. The company was founded in 1968 and is headquartered in Jacksonville, FL.

Fidelity National made an ill-considered acquisition four years ago. Today, it's paying the price.

Why Fidelity National Information Services Stock Dropped 15% Today

Fidelity National's (FIS) fourth-quarter results reflect sound contributions from its Banking and Capital Markets businesses. Management announces plan to spin off its Merchant Solutions unit.

Fidelity National (FIS) Q4 Earnings Beat on Banking Business

FIS is banking on embedded finance and loyalty programs to re-ignite growth in its merchant business. Earnings for the payments giant came two days earlier than expected, and the data show slowing growth rates across key business lines, but a plan to “invest more aggressively” to bolster its growth trajectory is taking shape.

FIS Banks on Embedded Finance, Spinoff to Jump-Start Merchant Business Growth

Although the revenue and EPS for Fidelity National (FIS) give a sense of how its business performed in the quarter ended December 2022, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Here's What Key Metrics Tell Us About Fidelity National (FIS) Q4 Earnings

Fidelity National (FIS) delivered earnings and revenue surprises of 0.59% and 0.83%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Fidelity National Information Services (FIS) Q4 Earnings and Revenues Beat Estimates

The Worldpay spinoff comes after the company announced a strategic review of its business and operations in December under new CEO Stephanie Ferris.

Fidelity National Stock Sinks. It Will Spin Off Worldpay and Issues Guidance Miss

Banking and payments processing conglomerate Fidelity National Information Services Inc took a $17.6 billion write-down on its merchant business as it unveiled plans on Monday to spin it off, undoing a $43 billion acquisition that went sour.

FIS takes $17.6 billion hit in merchant unit to be spun off

JACKSONVILLE, Fla.--(BUSINESS WIRE)--FIS® (NYSE:FIS), a global leader in financial services technology, today reported its fourth quarter and full-year 2022 results. "We delivered fourth quarter results consistent with our expectations in our Banking and Capital Markets businesses.

FIS Reports Fourth Quarter and Full-Year 2022 Results

JACKSONVILLE, Fla.--(BUSINESS WIRE)--FIS® (NYSE: FIS or “the Company”), a global leader in financial services technology, today announced plans to pursue a tax-free spin-off of its Merchant Solutions business to strengthen its strategic and operational focus, capitalize on growth opportunities and unlock shareholder value. The two companies expect to maintain a strong commercial relationship, preserving a key value proposition for clients of both businesses.

FIS Announces Plans to Spin Off Merchant Business

FIS is reportedly planning to spin off Worldpay, the merchant services business it acquired in 2019. The payments giant is apparently looking to undertake a tax-free spinoff of its merchant operations, the bulk of which comes from Worldpay, Reuters reported Friday (Feb. 10), citing sources with knowledge of the matter.

FIS to Spin Off Worldpay Merchant Services Business Acquired in 2019

JACKSONVILLE, Fla.--(BUSINESS WIRE)--FIS® (NYSE: FIS), a global leader in financial services technology, today announced that it has changed its earnings release date for fourth quarter 2022 financial results to Mon., Feb. 13, 2023, prior to market open. The company will sponsor a live webcast of its earnings conference call with the investment community beginning at 8:30 a.m. (EST) the same day. To access the webcast, go to the Investor Relations section of FIS' homepage, www.fisglobal.com.

FIS Announces Date Change For Fourth Quarter Earnings to February 13, 2023

Fidelity National's (FIS) fourth-quarter results are likely to reflect higher profits from Capital Market Solutions.

Fidelity National (FIS) to Post Q4 Earnings: What to Expect

JACKSONVILLE, Fla.--( BUSINESS WIRE )--FIS ® (NYSE: FIS), a global leader in financial services technology, will announce fourth quarter 2022 financial results on Wed., Feb. 15, 2023, prior to market open.

FIS to Report Fourth Quarter Earnings on February 15, 2023

FIS has reportedly laid off 2,600 employees and contractors in recent weeks. The cuts amount to 2% of the FinTech's workforce, according to a Thursday (Feb. 2) Bloomberg report that cited unnamed sources.

FIS Cuts 2,600 Jobs During ‘Comprehensive Assessment' of Business

JACKSONVILLE, Fla.--( BUSINESS WIRE )--FIS (NYSE: FIS) (“FIS” or the “Company”), a global leader in financial services technology, today announced the appointments of Lee Adrean and Mark Benjamin to the Company's Board of Directors (the “Board”), effective January 20, 2023.

FIS Appoints Lee Adrean and Mark Benjamin as Independent Directors

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FIS has made leadership changes and begun a performance review. The financial services technology firm said in a Thursday (Dec. 15) press release that, effective Friday (Dec. 16), Jeffrey A.

FIS Accelerates Leadership Changes and Begins Performance Review

Fidelity National Information Services said on Thursday that it will conduct a strategic review of its business and add a new director to its board amid pressure from hedge fund D.E. Shaw Group.

Fidelity National agrees to strategic review, adds director in deal with D.E. Shaw

JACKSONVILLE, Fla.--( BUSINESS WIRE )--FIS® (NYSE: FIS), a global leader in financial services technology, today announced updates to its Board of Directors and leadership team to drive enhanced shareholder value. Consistent with the Board's focus on enhancing corporate governance, FIS will transition to an independent Board Chair structure. Jeffrey A. Goldstein, Lead Independent Director of the FIS Board, has been appointed as Independent Chairman, effective December 16, 2022. In conjunction with this appointment, Stephanie L. Ferris, previously announced as incoming Chief Executive Officer, will succeed Gary A. Norcross effective December 16, 2022. As part of the leadership transition of the Board, Mr. Norcross will depart from the Board of FIS on the same date.

FIS Implements New Board Leadership Structure to Drive Enhanced Shareholder Value; Stephanie L. Ferris Assumes CEO Role

JACKSONVILLE, Fla.--( BUSINESS WIRE )--FIS® (NYSE: FIS) (“FIS” or the “Company”), a global leader in financial services technology, announced today that its incoming Chief Executive Officer and Board of Directors (the “Board”) have initiated a comprehensive assessment of the Company's strategy, businesses, operations and structure with the goal of positioning the Company to drive stronger results, increase shareholder value and enhance client services.

FIS Incoming Chief Executive Officer and Board Commence Review to Strengthen Performance and Drive Value Creation; Board Adds New Independent Director

PORTLAND, Ore.--( BUSINESS WIRE )--SheerID, the global leader in identity marketing, has joined forces with Worldpay from FIS ® (NYSE: FIS), a global leader in financial services technology. The strategic partnership will enable tens of thousands of merchants on the Worldpay platform to easily provide segmented discounts and offers to consumer communities such as students, the military, teachers, healthcare workers, first responders, seniors, young adults, new movers, and more.

SheerID partners with Worldpay from FIS to Provide Audience Verification to Merchants

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JACKSONVILLE, Fla.--( BUSINESS WIRE )--Ten growth-stage fintech companies presented their technology at the new FIS ® (NYSE: FIS) Innovation Center as part of the 2022 FIS Accelerator Demo Day on Nov. 16. The event was attended by investors, bankers, fintech decisionmakers and community leaders and concluded the seventh year of the FIS Fintech Accelerator program.

FIS Recognizes Top Fintech Innovators at 2022 FIS Accelerator Demo Day

Shares of Fidelity National Information Services Inc. notched their best weekly performance since the early days of the pandemic this week as analysts chimed in with upbeat views about the financial-technology name, which took a beating a month back in the wake of a disappointing earnings report.

FIS stock enjoys best week since 2020, marking bright spot in tough recent stretch

This payment processor for banks and financial institutions has had a tough couple of years

News for Fidelity National Information Stock (FIS)