FISV - Fiserv Names Its Next CEO Sees Q1 Earnings Jump
On Thursday, Fiserv (NASDAQ: FISV) delivered first-quarter results that showed gains in revenue and earnings, and announced the name of its next CEO.
The payment provider, which acquired competitor First Data last July, saw revenue jump 151% year over year to $3.77 billion in the first quarter. About $1.4 billion of that came from First Data.
Net income increased by 74% to $392 million as earnings per share climbed 2% to $0.57. But adjusted to evaluate Fiserv's operating performance on a combined basis with First Data, net income was up 16% to $684 million year-over-year and EPS was up 16% to $0.99.