Fidelity National Information Services, Inc. (NYSE: FIS), a provider of technology solutions for financial institutions and businesses, reported operating results for the third quarter of 2024.
Third-quarter earnings, on a reported basis, increased 7% year-over-year to $0.45 per shareNet earnings attributable to stockholders were $246 million in Q3, down 1% year-over-yearAdjusted profit was $1.40 per share in the September quarter, up 49% from the corresponding quarter of 2023Revenue increased 3% on a reported basis to $2.5 billion in Q3 and grew 4% on an adjusted basisThe company repurchased $500 million of its common shares during the three monthsThe management raised the low end of its full-year revenue and adjusted EBITDA and raised FY24 adjusted EPS outlookQ3 adjusted EBITDA margin contracted by 140 basis points over the prior-year period to 41.3%; adjusted EBITDA was approximately $1.1 billion
The post Earnings Summary: A snapshot of Fidelity National’s Q3 2024 report first appeared on AlphaStreet.
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