Fiserv CFO Confident in $3.5 Billion Clover Revenue Commitment Despite Challenging Q1

Fiserv, Inc. CFO Bob Hau reaffirmed the company's commitment to achieving its full-year targets, despite Clover volume challenges. Hau stated that Clover's Q1 revenue growth of 27% is on track to reach the $3.5 billion goal and that the company's organic revenue growth, margin expansion, and EPS targets remain unchanged. Hau acknowledged the surprise of the reported GPV for Q1 and the outlook for Q2, but emphasized the company's strong conviction in its ability to deliver on its commitments.