Fidelity National Information Services (FIS) Reports In-Line Q1 EPS

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Go back to Fidelity National Information Services (FIS) Reports In-Line Q1 EPS

 FIS Reports First Quarter 2020 Results

May 7, 2020 7:00 AM EDT

Revenue increased 50% on a reported basis and 2% on an organic basis to $3,078 million Achieved annual run-rate revenue and expense synergies of approximately $100 million and $580 million, respectively Increased annual run-rate expense synergy target to at least $700 million exiting 2020, an increase of more than $100 million Generated net cash provided by operating activity of $383 million and free cash flow of $539 million

JACKSONVILLE, Fla.--(BUSINESS... More