Reported about 3 hours ago
Fidelity National Information Services (FIS) exceeded Wall Street's profit estimates in the third quarter, driven by strong demand in its banking solutions unit. The company reported a net income of $789 million, or $1.51 per share, reflecting a gain from the previous year. Its total revenue rose by 5.7% to $2.72 billion, with significant contributions from both the banking solutions and capital markets segments. Despite ongoing economic concerns, consumer spending remains strong, benefiting payment technology providers.
Source: YAHOO