Fiserv’s earnings per share jump 13% in Q2 report

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Brookfield-based Fiserv, a provider of technology products for the financial services industry, today reported that its adjusted earnings per share increased 13%, to $1.28, in the second quarter of 2012.

The company also said that revenue in the second quarter was $1.1 billion, compared with $1.07 billion in the second quarter of 2011. Adjusted revenue was $1.03 billion in the second quarter compared with $1 billion in 2011, an increase of 3%.

For the first six months of 2012, revenue was $2.21 billion, compared with $2.11 billion in 2011.

Fiserv continues to expect 2012 adjusted revenue growth to be in a range of 4% to 6% and adjusted internal revenue growth to be in a range of 3.0 to 4.5%.

The company also expects 2012 adjusted earnings per share to be in a range of $5.08 to $5.20, which represents growth of 11% to 14% over $4.58 in 2011.

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Digital Partners