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Fiserv Reports 'Strong First Quarter Results,' Raises Full-Year Outlook
Fiserv, Inc (NYSE:FI) reported fiscal first-quarter results, with revenue increasing by 7% Y/Y to $4.88 billion, beating the consensus of $4.57 billion. Adjusted revenue increased 7% Y/Y to $4.54 billion.
Adjusted EPS of $1.88 beat the consensus of $1.79. This is a 19% increase over $1.91 from the same period last year. The stock price gained after the print.
Organic revenue grew 20%, led by 23% growth ...