Free Post Earnings Research Report: Fidelity National Information Services’ Organic Revenue Grew 3.3%; Adjusted EPS Surged 32.9%

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LONDON, UK / ACCESSWIRE / May 23, 2018 / If you want access to our free earnings report on Fidelity National Information Services, Inc. (NYSE: FIS) (“Fidelity”), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=FIS. Fidelity reported its first quarter fiscal 2018 operating and financial results on May 01, 2018. The banking and payment technologies Company outperformed top- and bottom-line expectations. The Company raised its earnings guidance for FY18. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Fidelity National Information Services most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

For the first quarter 2018, Fidelity's GAAP revenue fell 3.8% to $2.07 billion from $2.15 billion in Q1 2017. For the reported quarter, the Company's organic revenue increased 3.3% on a y-o-y basis. Fidelity's reported numbers topped analysts' estimates of $2.04 billion.

During Q1 2018, Fidelity's operating income increased to $294 million from $246 million in Q1 2017, while operating income margin expanded 280 basis points to 14.2%. The Company's adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) increased to $705 million for Q1 2018 from $661 million in Q1 2017, while adjusted EBITDA margin expanded 340 basis points to 34.1%.

For Q1 2018, Fidelity's net earnings attributable to common stockholders was $182 million, or $0.54 per diluted share, compared to $129 million, or $0.39 per diluted share, in Q1 2017; reflecting an increase of 38.5%.

Fidelity's adjusted net earnings attributable to common stockholders was $1.09 per diluted share in Q1 2018, up 32.9% compared to $0.82 per diluted share in Q1 2017. The Company's earnings beat Wall Street's estimates of $1.04 per share.

Fidelity National Information Services' Segment Information

For the reported quarter, the Integrated Financial Solutions (IFS) segment's GAAP revenue grew 2.3% to $1.06 billion from $1.04 billion in Q1 2017, and organic revenue increased 3.2%. The Company's adjusted EBITDA increased to $451 million from $439 million in the prior year's same quarter, and adjusted EBITDA margin was 42.5%, representing expansion of 10 basis points.

For Q1 2018, the Global Financial Solutions (GFS) segment's GAAP revenue decreased 7.6% to $927 million from $1.00 billion in Q1 2017, and organic revenue increased 5.4%. The Company's adjusted EBITDA increased to $305 million from $265 million in the prior year's corresponding quarter, and adjusted EBITDA margin was 32.9%, representing expansion of 650 basis points.

Balance Sheet and Cash Flow

As of March 31, 2018, Fidelity's cash and cash equivalents totaled $725 million and debt outstanding totaled $9.08 billion with a weighted average interest rate of 3.3%. The Company's reported quarter net cash provided by operating activities was $354 million and free cash flow was $226 million.

During Q1 2018, Fidelity repurchased 4.1 million common shares at a total cost of approximately $400 million in the first quarter. The Company has approximately $3.50 billion remaining under the existing share repurchase authorization as of March 31, 2018. Fidelity paid dividends of $106 million in Q1 2018.

Outlook

For full year 2018, Fidelity is forecasting consolidated GAAP revenue drop of 1.5% to 2.5%. The Company is expecting IFS GAAP revenue to grow in the range of 1.5% to 2.5%, and GFS GAAP revenue drop in the band 4.0% to 5.0%. Fidelity is estimating GAAP earnings in the range of $3.04 to $3.39 per share, reflecting an increase from $3.00 to $3.35 per share.

For FY18, Fidelity is projecting consolidated organic revenue increase of 2.5% to 3.5%. The Company is expecting IFS organic revenue increase of 2.0% to 3.0% and GFS organic revenue growth of 4.0% to 5.0%. The Company is expecting adjusted EBITDA margin of 36.0% to 37.0% and adjusted earnings in the band of $5.14 to $5.34, representing an increase from $5.10 to $5.30.

Stock Performance Snapshot

May 22, 2018 - At Tuesday's closing bell, Fidelity National Information Services' stock was slightly down 0.91%, ending the trading session at $103.50.

Volume traded for the day: 1.34 million shares.

Stock performance in the last month – up 8.15%; previous three-month period – up 6.54%; past twelve-month period – up 23.17%; and year-to-date – up 10.00%

After yesterday's close, Fidelity National Information Services' market cap was at $34.16 billion.

Price to Earnings (P/E) ratio was at 59.86.

The stock has a dividend yield of 1.24%.

The stock is part of the Technology sector, categorized under the Information Technology Services industry.

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