Brookfield-based financial services technology provider Fiserv Inc. reported second quarter net income of $127 million, or 53 cents per share, down from $166 million, or 65 cents per share, in the second quarter of 2014.
Operating income was $326 million, up from $307 million in the same period a year ago.
Revenue totaled $1.1 billion in the second quarter, flat from the second quarter of 2014.
The company took a loss on an early debt extinguishment of about $85 million during the quarter.
“We executed well in the quarter which led to solid financial results,” said Jeffery Yabuki, president and chief executive officer of Fiserv. “Our results for the first half of the year are in-line with our expectations, and reflect our commitment to delivering high-quality revenue growth, margin expansion and excellent free cash flow.
“We’re pleased with our results through June, and fully expect to deliver on our full year financial expectations. We are executing well in our existing businesses and making strong progress with innovation based growth. When taken together, we believe this will contribute to further acceleration of our internal revenue growth in 2016 and beyond.”
