Fidelity National Information Services, Inc. (NYSE: FIS), a provider of technology solutions for financial institutions and businesses, reported operating results for the fourth quarter of 2023.
- Fourth quarter earnings per share from continuing operations was $0.11, down 39% from the prior-year period
- Adjusted earnings, excluding special items, dropped 4% from last year to $0.94 per share in Q4
- Including discontinued operations, Q4 earnings and adjusted earnings were $0.42 per share and $1.67 per share, respectively
- Fourth-quarter revenue decreased 1% as compared to the prior-year period to approximately $2.5 billion
- The company raised its share repurchase target to at least $4.0 billion by year-end 2024, from the earlier goal of at least $3.5 billion
- Fidelity outperformed its Future Forward expectations in 2023; raised Future Forward expense savings goal for 2024
- The board approved a regular quarterly dividend of $0.36 per common share, payable on March 22, 2024
- For fiscal 2024, the management expects revenues to be in the range of $10.10 billion to $10.15 billion