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BROOKFIELD — Fiserv, Inc., the Brookfield-based global
provider of financial services technology solutions,
reported financial results for the fourth quarter
Tuesday that showed an increase in the company’s
revenue, but a decrease in the earnings per share from
continuing operations.
According to the company, revenue in the fourth quarter
was $1.32 billion compared with $1.26 billion in the
fourth quarter of 2013. Adjusted revenue was $1.23
billion in the fourth quarter compared with $1.19
billion in the fourth quarter of 2013, an increase of 4
percent. GAAP earnings per share from continuing
operations in the fourth quarter was $0.73 compared with
$0.84 in the fourth quarter of 2013. The fourth quarter
2013 GAAP earnings per share from continuing operations
included a $0.21 per share gain on the partial
divestiture of a subsidiary business at StoneRiver
Group, L.P., a joint venture in which Fiserv owns a 49
percent interest, according to the announcement.
“We delivered strong results in 2014 highlighted by
adjusted internal revenue growth approaching the top-end
of our guidance, and our 29th consecutive year of double
digit adjusted earnings per share growth,” said Jeffery
Yabuki, president and chief executive officer of Fiserv,
in a statement. “Increased sales, expanded operating
margin and record free cash flow add to our momentum as
we enter 2015.”
For more information, visit
www.fiserv.com. |
