BROOKFIELD – On Tuesday, Fiserv,
Inc. announced an increase in its revenue during the first
quarter compared to the same period in 2013.
According to the Brookfield-based global provider of financial
services technology solutions, its GAAP revenue in the first
quarter was $1.23 billion compared with $1.15 billion in the
first quarter of 2013. Adjusted revenue was $1.15 billion in the
first quarter compared with $1.08 billion in the first quarter
of 2013, an increase of 6 percent, according to the company.
“Our strong results in the quarter included 8 percent internal
revenue growth in the Payments segment, and excellent operating
performance across the company,” said Jeffery Yabuki, president
and chief executive officer of Fiserv, in a statement. “Total
sales increased 17 percent in the quarter reflecting the
momentum of our market leading products and services.”
Adjusted earnings per share increased 22 percent in the first
quarter to $0.82 compared with $0.67 in the prior year period,
according to the announcement.