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Fidelity National Information Services, Inc. (FIS) SEC Filing 10-Q Quarterly Report for the period ending Wednesday, June 30, 2021

Fidelity National Information Services,

CIK: 1136893 Ticker: FIS

Exhibit 99.1
image.jpg

News Release
FIS Reports Second Quarter 2021 Results
Accelerated revenue growth in all operating segments, including Merchant to 45%, Banking to 8%, and Capital Markets to 6% as compared to the prior year period
Increases full-year 2021 revenue guidance by $250 million to $13.9-$14.0 billion in order to reflect new sales and a growing backlog of revenue under contract during the second quarter
Raises year-end 2021 revenue synergy target by $100 million to approximately $700 million on an annual run-rate basis, in order to reflect strong cross-selling performance during the second quarter

JACKSONVILLE Fla., August 3, 2021 -
FIS™ (NYSE:FIS), a global leader in financial services technology, today reported its second quarter 2021 results.

“FIS delivered an exceptional quarter,” said Gary Norcross, FIS chairman and chief executive officer. “Our transformation has created strong demand with our clients. Even as the world slowed, we continued to invest in our talent and our cloud-native solutions portfolio, creating a significant pipeline with our clients and prospects. With strong new sales and our largest revenue synergy quarter to-date, we are raising our guidance for the second time this year.”

Second Quarter 2021
As compared to the prior year period, revenue grew by more than $500 million, or 17%, to approximately $3.5 billion. Revenue growth accelerated across all three operating segments, including Merchant to 45%, Banking to 8%, and Capital Markets to 6%. Net earnings attributable to common stockholders was $341 million or $0.55 per diluted share.

Organic revenue growth, which reflects the impact of foreign currency exchange fluctuation (FX), was 16%. Adjusted EBITDA margin expanded by 460 basis points (bps) over the prior year period to 43.7%, primarily reflecting high contribution margins of revenue growth as well as ongoing revenue and expense synergies. Adjusted net earnings and adjusted net earnings per share each increased by 40% to approximately $1 billion or $1.61 per diluted share, respectively.

($ millions, except per share data, unaudited)Three Months Ended June 30,
%Organic
20212020Change
Growth1
Revenue$3,475 $2,962 17%16%
 Merchant Solutions1,177 812 45%41%
 Banking Solutions1,578 1,462 8%7%
 Capital Market Solutions6305936%4%
Corporate and Other90 95 (5)%
Adjusted EBITDA$1,520 $1,157 31%
Adjusted EBITDA Margin43.7 %39.1 %460 bps
Net earnings attributable to FIS common stockholders (GAAP)$341 $19 *
Diluted EPS (GAAP)$0.55 $0.03 *
Adjusted net earnings$1,004 $71840%
Adjusted EPS$1.61$1.1540%
* Indicates comparison not meaningful
1 Organic growth adjusts for the impact of foreign currency fluctuation (FX) as there was no M&A impact during the second quarter




The following information was filed by Fidelity National Information Services, Inc. (FIS) on Tuesday, August 3, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Fidelity National Information Services, Inc.'s 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover Page
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Parenthetical)
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Comprehensive Earnings (Loss)
Condensed Consolidated Statements Of Earnings (Loss)
Condensed Consolidated Statements Of Equity
Condensed Consolidated Statements Of Equity (Parenthetical)
Basis Of Presentation
Basis Of Presentation (Policies)
Commitments And Contingencies
Commitments And Contingencies (Details)
Condensed Consolidated Financial Statement Details
Condensed Consolidated Financial Statement Details (Tables)
Condensed Consolidated Financial Statement Details - Cash And Cash Equivalents (Details)
Condensed Consolidated Financial Statement Details - Equity Security Investments (Details)
Condensed Consolidated Financial Statement Details - Goodwill (Details)
Condensed Consolidated Financial Statement Details - Goodwill - Narrative (Details)
Condensed Consolidated Financial Statement Details - Intangible Assets - Narrative (Details)
Condensed Consolidated Financial Statement Details - Summary Of Net Assets (Details)
Condensed Consolidated Financial Statement Details - Visa Europe And Contingent Value Rights - Narrative (Details)
Debt
Debt (Tables)
Debt - Narrative (Details)
Debt - Principal Maturities Of Long-Term Debt (Details)
Debt - Schedule Of Long-Term Debt (Details)
Debt - Short-Term Debt (Details)
Deferred Contract Costs
Deferred Contract Costs (Details)
Deferred Contract Costs (Tables)
Deferred Contract Costs - Narrative (Details)
Financial Instruments
Financial Instruments (Details)
Net Earnings (Loss) Per Share
Net Earnings (Loss) Per Share (Tables)
Net Earnings (Loss) Per Share - Narrative (Details)
Net Earnings (Loss) Per Share - Summary Of Earnings Per Share (Details)
Related-Party Transactions
Related-Party Transactions (Details)
Revenue
Revenue (Tables)
Revenue - (Narrative) (Details)
Revenue - Disaggregate Revenue (Details)
Segment Information
Segment Information (Tables)
Segment Information - Narrative (Details)
Segment Information - Summarized Financial Information (Details)
Stock Compensation Plans
Stock Compensation Plans (Details)
Ticker: FIS
CIK: 1136893
Form Type: 10-Q Quarterly Report
Accession Number: 0001136893-21-000166
Submitted to the SEC: Tue Aug 03 2021 4:24:41 PM EST
Accepted by the SEC: Tue Aug 03 2021
Period: Wednesday, June 30, 2021
Industry: Business Services

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