FIS Q2 GAAP net earnings return to profit at $231 million; revenue rises 29% to $3.4 billion - FIS News | RalliesFIS Q2 GAAP net earnings return to profit at $231 million; revenue rises 29% to $3.4 billion
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FIS• Quarterly results
- FIS posted Q2 GAAP revenue of $3.4 billion, up 29% year over year; net earnings attributable to common stockholders swung to $231 million.
- Adjusted EBITDA rose 35% to $1.4 billion; adjusted EBITDA margin widened 1.93 percentage points to 41.7%.
- Banking Solutions revenue climbed 44% to $2.5 billion; Capital Market Solutions revenue increased 3.5% to $810 million.
Cash flow, debt and outlook
- Free cash flow excluding cash transaction taxes on the Worldpay sale rose more than doubled to $525 million; debt outstanding totaled $21.2 billion.
- Full-year outlook: revenue $13.63 billion-$13.7 billion; adjusted EPS growth seen at 7%-8.5% with free cash flow target raised to $2.15 billion-$2.25 billion.
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