Fidelity National Information Services (FIS) 6 Aug 24 2024 Q2 Earnings call transcript
AInvestTuesday, Aug 6, 2024 10:46 pm ET
1min read
FIS --

In the latest earnings call for Fidelity National Information Services (FIS), executives highlighted a strong financial performance and strategic initiatives aimed at driving growth and enhancing shareholder value. The company's CEO, Stephanie Ferris, and CFO, James Kehoe, shared insights into the company's operational and financial achievements, as well as future outlook.

Financial Performance

FIS reported a solid financial performance in the second quarter, with revenue growth of 4% and earnings per share (EPS) increasing by 30% on a normalized basis. The company's adjusted EBITDA margin expanded by 110 basis points, reflecting improved operational efficiency and cost savings. This strong performance allowed FIS to raise its financial outlook for the year, signaling confidence in its ability to deliver sustainable growth.

Strategic Initiatives

FIS is executing on its growth strategy, focusing on delivering accelerating profitable revenue growth and sustainable double-digit total returns for shareholders. The company has seen strong demand for its core and digital offerings, with a record year of new core signings and over 30% growth in digital sales. FIS is also expanding into new markets, such as treasury and risk, and leveraging partnerships and acquisitions to enhance its product offerings and market position.

Investor Relations

At the recent Investor Day, FIS outlined its corporate vision and strategy to capitalize on its privileged position in powering the global economy. The company's confidence in its outlook is reflected in its decision to raise its financial outlook for the year, indicating a strong belief in its ability to deliver value to shareholders.

Future Outlook

Looking ahead, FIS is well-positioned to continue its growth trajectory, with a focus on operational execution and sales momentum. The company is also investing in innovation and cost savings initiatives to drive efficiency and enhance competitiveness. With a solid financial foundation and a clear strategic direction, FIS is poised to capitalize on opportunities in the global economy and deliver value to its stakeholders.

In conclusion, FIS's strong financial performance and strategic initiatives highlight its ability to navigate market challenges and capitalize on growth opportunities. With a focus on delivering value to shareholders and enhancing operational efficiency, FIS is well-positioned to continue its growth trajectory and drive sustainable value in the digital age.

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