26.02.2024 13:40:49 - dpa-AFX: FIS Issues FY24 Guidance; Announces $500 Mln Increase To Share Repurchase

WASHINGTON (dpa-AFX) - Fidelity National Information Services (FIS) said,
for fiscal 2024, the company expects: adjusted EPS in a range of $4.66 - $4.76
and revenue in a range of $10.10 billion - $10.15 billion. For the first
quarter, the company expects: adjusted EPS in a range of $0.94 - $0.97; and
revenue in a range of $2.43 billion - $2.455 billion.

Fourth quarter earnings came in at $64 million, or $0.11 per share compared with
$109 million, or $0.18 per share, a year ago. Excluding items, adjusted earnings
from continuing operations was $0.94 per share compared to $0.98, last year.
Analysts on average had expected the company to earn $0.94 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter fell 0.8% to $2.51 billion from $2.53
billion last year. Analysts on average had estimated $2.53 billion in revenue.

As of December 31, 2023, on a continuing operations basis, the company achieved
annualized run-rate Future Forward cash savings of over $550 million exiting the
quarter. The company increased its target for operational expense savings and
reiterated target for total cash savings exiting 2024 of $1.0 billion, of which
over 75 percent represents run-rate cash savings.

The company said it remains committed to shareholder returns and increased goal
to repurchase at least $4.0 billion of shares by year end 2024, up from the
previous goal of at least $3.5 billion.

On February 25, FIS' Board approved a regular quarterly dividend of $0.36 per
common share. The dividend is payable on March 22, 2024, to shareholders of
record as of close of business on March 8, 2024.

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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
FIDELITY NATL INF. SVCS A0H1FP Frankfurt 69,010 27.06.24 15:29:01 -0,700 -1,00% 68,660 69,330 69,400 69,710

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