Fiserv Inc. reported first quarter net income of $132 million, or 94 cents per share, up from $112 million, or 76 cents per share, in the same period a year ago.
The Brookfield-based company’s quarterly revenue grew to $1.1 billion from $1.0 billion a year earlier.
“We are off to a great start in 2012 with above plan performance for revenue and earnings per share in the quarter,” said Jeffery Yabuki, president and chief executive officer of Fiserv. “There is continuing evidence that our broad range of technology solutions will support the needs of the evolving financial services market.”
Fiserv continues to expect 2012 adjusted revenue growth to be in a range of 4 to 6 percent and adjusted internal revenue growth to be in a range of 3.0 to 4.5 percent. The company also expects 2012 adjusted earnings per share to be in a range of $5.04 to $5.20, which represents growth of 10 to 14 percent over $4.58 in 2011.
“We’re on track to achieve our full-year guidance, and continue to believe that we will have stronger results in the second half of the year,” said Yabuki.
