FIS, one of the world’s largest providers of banking and payments technology, has reported that its revenue from continuing operations increased by 3.1% to $1.46bn in the second quarter of 2012, against $1.41bn during the second quarter ended 30 June 2011.
GAAP net earnings from continuing operations attributable to common stockholders stood at $155.8m, or $0.52 per diluted share, in the second quarter of 2012, versus $126.6m, or $0.41 per diluted share, during the same quarter prior year.
As per the financial data released by the firm, its Non-GAP organic revenue growth, which adjusts for the impact of acquisitions and foreign currency, was 5.1%.
EBITDA rose by 7.7% to $437.8m in the current quarter of 2012, compared to $406.5m in during the corresponding period last year.
Net earnings from continuing operations, as adjusted, summed up to $198.1m, or $0.66 per diluted share, against $167.7m, or $0.54 per diluted share.
FIS’s Financial Solutions segment revenue for the current quarter grew by 9.1% to $563.4m compared to $516.5m during the corresponding period past year, backed by rise in processing revenue, global commercial services, professional services and consulting revenues.
The company’s Payment Solutions segment second quarter 2012 revenue rose marginally by 0.4% to $606.1m compared to $603.6m in the 2011 quarter, driven by growth in electronic transactions, which was partially offset by declining check volumes.
International Solutions segment revenue slashed by 1.9% to $287.3m versus $293m during the same period last fiscal.