Fiserv Touts 2012 Results: 27 Straight Years of Double-Digit EPS Growth
Fiserv Inc. reported this week that it had completed its 27th consecutive year of double-digit earnings per share growth.
The technology giant said it recorded $1.08 billion in adjusted revenue for the fourth quarter ended Dec. 31 and $4.2 billion for the year, a 3% increase over 2011.
Adjusted earnings per share from continuing operations in the fourth quarter increased 9% to $1.39 compared with $1.27 in the fourth quarter of 2011. Adjusted earnings per share from continuing operations for the year grew 12% to $5.13 compared with $4.58 in 2011, the Brookfield, Wis., company said.
“Our 2012 results were highlighted by our 27th consecutive year of double-digit adjusted earnings per share growth and meaningful strategic progress. We capped off a strong sales year with exceptional performance in the fourth quarter,” said President/CEO Jeffery Yabuki.
The company began 2013 with the acquisition of financial institutions account processor Open Solutions Inc. and its client list of 3,300 organizations worldwide.
Other highlights cited it its year-end report included signing 552 clients to its Mobiliti mobile banking solution during the year, including 134 in the fourth quarter. The company said it now has nearly 1,400 mobile banking clients.
Fiserv said it also extended by 10 years its deal with Bank of America for use of the CheckFree RXP electronic bill payment and presentment platform through online and mobile channels. For the year, 404 electronic bill pay and 165 debit clients were signed, the company said.
There also were 113 new Popmoney person-to-person payments clients signed in the fourth quarter, bringing to more than 1,800 the number of financial institutions in that network, Fiserv said.