FIS Reports Higher Revenue, Surging Net Income, but Forecast Falls Short of Expectations

About FIS Reports Higher Revenue, Surging Net Income, but Forecast Falls Short of Expectations

Fidelity National Information Services experienced a notable decline in shares, dropping 12% after revealing quarterly earnings that fell below expectations. Despite reporting higher revenue and a substantial increase in net income, nearly fivefold from last year, the company released a forecast projecting lower-than-anticipated revenue for the ongoing quarter and the full year. CEO Stephanie Ferris pointed to one-time items impacting growth estimates for 2024 but remains optimistic about improved sales and client relations propelling stronger growth in 2025.