Fiserv reports solid quarter

Brookfield-based Fiserv Inc. reported third quarter net income of $159 million, or $1.21 per share, compared with $139 million, or $1.02 per share, in the same period a year ago.


The company’s quarterly revenue grew to $1.2 billion from $1.1 billion a year earlier.

“Results for the quarter were solid across the board and in-line with our performance expectations for the full year,” said Jeffery Yabuki, president and chief executive officer of Fiserv. “Strength in our payments businesses along with continued strong sales is compelling evidence of the market-leading differentiation and value embedded in our solutions.”

Fiserv expects its full year 2013 adjusted earnings per share from continuing operations to be in a range of $5.94 to $6.02, or growth of 17 to 19 percent over 2012. The company expects full year adjusted revenue growth of approximately 10 percent, and adjusted internal revenue growth of approximately 3 percent.

“We remain on track to achieve our 2013 financial objectives and have meaningful momentum as we head into 2014,” said Yabuki.

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