- Fiserv, Inc FISV reported second-quarter FY22 revenue growth of 10% year-on-year to $4.45 billion, beating the consensus of $4.08 billion. Organic revenue growth was 12% Y/Y.
- The acceptance segment grew 14% Y/Y, the Fintech segment grew 6% Y/Y, and the Payments segment grew 7% Y/Y.
- The adjusted operating margin decreased 40 bps to 33.5%.
- EPS of $1.56 is in line with the consensus.
- Outlook: Fiserv raised the 2022 outlook and saw organic revenue growth of 9% - 11% and adjusted EPS of $6.45 - $6.55, representing 16% - 17% growth against the consensus of $6.47.
- Price Action: FISV shares traded higher by 2.24% at $101 in the premarket on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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