FIS Q2 Profit Increases

(RTTNews) - Fidelity National Information Services Inc. (FIS) reported that its net earnings attributable to stockholders for the second-quarter rose to $240.2 million from $178.8 million in the prior year. Net earnings per share was $0.84 up from $0.62 last year.

Non-GAAP adjusted net earnings from continuing operations attributable to common stockholders was $211 million for the quarter, or $0.74 per share. Second quarter 2015 non-GAAP adjusted net earnings from continuing operations excludes acquisition-related purchase price amortization of $0.12 per share, costs pertaining to acquisition, integration and severance of $0.03 per share and a divestiture gain of $0.25 per share.

Quarterly revenue was $1.6 billion, down one percent on a reported basis from the prior year quarter and up three percent on a constant currency basis.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.71 per share and revenues of $1.62 billion for the quarter. Analysts' estimates typically exclude special items.

Looking ahead for 2015, the company expects adjusted earnings per share from continuing operations to be in the range of $3.27 to $3.37, an increase of 6 to 9 percent compared to 2014. It expects reported revenue growth of 1 to 3 percent. Analysts expect annual earnings of $3.29 per share.