Fiserv revenue increases in first quarter

Associated Press

May 5, 2016

BROOKFIELD — Fiserv, Inc., a global provider of financial services technology solutions, announced Thursday its internal revenue grew 4 percent and its adjusted revenue growth was 5 percent during the first quarter.

GAAP revenue in the quarter was $1.33 billion compared with $1.28 billion in the first quarter of 2015. Adjusted revenue was $1.25 billion in the first quarter compared with $1.19 billion in the first quarter of 2015, an increase of 5 percent, according to the Brookfield-based company.

“We are pleased with our start to the year including 7 percent internal revenue growth in the Payments segment and excellent operating performance,” said Jeffery Yabuki, president and chief executive officer of Fiserv, in a statement. “Our business model continues to produce high-quality revenue, strong adjusted earnings per share and outstanding free cash flow.”