From Fiserv’s Earnings Call

This was too late for the newsletter but I wanted to pass along this passage from Fiserv‘s (FISV) earnings call. You can sense the company’s optimism.

As I mentioned, we are on track to achieve our full-year financial objectives. We continue to expect internal revenue growth of 5% to 6%, which includes internal revenue growth acceleration in the second half of the year. We anticipate adjusted earnings per share will grow 12% to 15%, in a range of $4.32 to $4.44.

Given our strong start to the year, we now expect our full-year results to bias above the midpoint of the range and that the adjusted EPS growth rate will be generally equivalent between the first and second halves of the year. We continue to expect adjusted operating margin to increase at least 50 basis points for the year, even with the approximately 30 basis points of acquisition margin pressure Bob mentioned earlier. And importantly, we still expect free cash flow per share for the full year to be at least $4.70.

In conclusion, we’re pleased with our start to the year. We expect to meet or exceed our financial and strategic commitments, including another step up in our level of sustainable high-quality revenue growth. Our ability to excel is based entirely on the dedication, commitment, and innovation of our 22,000 associates who band together to achieve client excellence each and every day.

Fiserv gained 3.4% today.

Posted by on May 6th, 2016 at 4:16 pm


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