Fidelity National Information Services (NYSE: FIS) reported Q2 EPS of $1.02, $0.05 better than the analyst estimate of $0.97. Revenue for the quarter came in at $2.34 billion versus the consensus estimate of $2.35 billion.

• Raises full-year 2017 guidance
• Announces share repurchase authorization of $4 billion
• Diluted EPS from continuing operations was $0.40, and Adjusted EPS was $1.02

Updating Full-Year 2017 Guidance

Due to the successful execution of the divestiture of our consulting businesses on July 31, 2017, recently announced financing activities, and year-to-date performance, the Company is updating full-year 2017 guidance as follows:

• Consolidated GAAP revenue flat to down 1 percent;
  • IFS GAAP revenue growth of 2 to 3 percent; and
  • GFS GAAP revenue flat to down 1 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 $3,030 million to $3,075 million
• Adjusted EPS of $4.22 to $4.32, an increase from previous guidance of $4.15 to $4.30

GUIDANCE:

Fidelity National Information Services sees FY2017 EPS of $4.22-$4.32, versus the consensus of $4.26.

For earnings history and earnings-related data on Fidelity National Information Services (FIS) click here.