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Article: FIS Reports Strong Third Quarter Earnings.(Financial report)
- Article from:
- Investment Weekly News
- Article date:
- November 7, 2009
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FIS (NYSE:FIS), a leading global provider of technology services to financial institutions, reported financial results for the quarter ended September 30, 2009.
Consolidated revenue of $850.7 million declined 3.8% in U.S. dollars and 1.9% in constant currency compared to $884.0 million in the third quarter of 2008. The adjusted EBITDA margin expanded 250 basis points to 27.7%. Non-GAAP adjusted net earnings per share increased 12.2% to $0.46 per share in U.S. dollars, compared to $0.41 in the prior year, and increased 14.6% in constant currency. The increase is due primarily to improved operating performance across all major business lines, which offset a higher ...