Fidelity National Information Services (FIS) Tops Q1 EPS by 4c, Miss on Revenues; Reiterates FY17 Guidance
Fidelity National Information Services (NYSE: FIS) reported Q1 EPS of $0.86, $0.04 better than the analyst estimate of $0.82. Revenue for the quarter came in at $2.26 billion versus the consensus estimate of $2.26 billion.
GUIDANCE:
Fidelity National Information Services sees FY2017 EPS of $4.15-$4.30, versus the consensus of $4.26.
Reiterating Full Year 2017 Guidance
- Consolidated GAAP revenue growth of 1 to 2 percent;
- IFS GAAP revenue growth of 3 to 4 percent; and
- GFS GAAP revenue growth of 3 to 4 percent.
- Consolidated organic revenue growth of 2 to 3 percent;
- IFS organic revenue growth of 3 to 4 percent; and
- GFS organic revenue growth of 4 to 5 percent.
- Adjusted EBITDA of $3,040 million to $3,120 million
- Adjusted EPS of $4.15 to $4.30, an increase of 9 to 13 percent compared to $3.82 per share in 2016
Highlights:
- GAAP revenue increased 3.4 percent, and organic revenue increased 1.7 percent
- Diluted EPS from continuing operations was $0.41, and Adjusted EPS was $0.86
- Net cash provided by operating activities was $454 million, and free cash flow was $363 million
For earnings history and earnings-related data on Fidelity National Information Services (FIS) click here.
