Fidelity National (FIS) Beats Q2 Earnings, Hikes '24 Guidance

Fidelity National Information Services, Inc. (FIS) reported second-quarter 2024 adjusted EPS of 1.36,whichbeattheZacksConsensusEstimateby10.61.36, which beat the Zacks Consensus Estimate by 10.6%. Also, the bottom line increased 79% year over year.Revenues grew 3% year over year to 2.5 billion. Also, the top line beat the consensus mark by 0.1%.The strong second-quarter results benefited from strong recurring revenue growth in both segments and new sales momentum. It witnessed improved results from both the Banking Solutions and Capital Market Solut ...