Growth continues for Fiserv

Brookfield-based Fiserv Inc. capped a year that featured a two-for-one stock split by growing its fourth quarter net income to $221 million, or 84 cents per share, from $179 million, or 66 cents per share.

The company’s quarterly revenue grew to $1.3 billion from $1.1 billion a year earlier.

“Our fourth quarter performance capped off a strong year of delivering on our financial commitments including our 28th consecutive year of double digit adjusted earnings per share growth,” said Jeffery Yabuki, president and chief executive officer of Fiserv. “We enter 2014 with important market momentum and a focus on driving exceptional client value.”

Fiserv expects adjusted revenue growth in a range of 4 to 5 percent, and adjusted internal revenue growth of 4 to 4.5 percent. The company expects adjusted earnings per share in a range of $3.28 to $3.37, which represents growth of 10 to 13 percent over $2.99 in 2013.

“We expect continued internal revenue growth acceleration in 2014 resulting from our focus on high-quality revenue, delivered through our market-leading solutions,” Yabuki said.

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