Fiserv Earns $1.25 per Share

Fiserv (FISV) reported Q1 earnings of $1.25 per share, six cents more than Wall Street’s consensus.

GAAP operating margin was 26.2 percent in the first quarter, increasing 70 basis points compared to the first quarter of 2016.

Net cash provided by operating activities was $463 million in the first quarter of 2017 compared with $509 million in the prior year period, a decrease of 9 percent. Net cash provided by operating activities included cash distributions from StoneRiver of $31 million and $140 million in the first quarter of 2017 and 2016, respectively.

“We are off to a good start to the year producing strong financial results across the company,” said Jeffery Yabuki, President and Chief Executive Officer of Fiserv. “Our business model continues to deliver revenue acceleration, strong sales growth and excellent free cash flow.”

Fiserv reiterated their full-year outlook for $5.03 to $5.17 per share. That represents a growth rate of 14% to 17% over last year.

Posted by on April 26th, 2017 at 4:11 pm

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