Fiserv’s revenue increases while earnings decrease

Special to The Freeman

Jan. 3, 2015

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.