Free Trial

Fiserv (Baa2/BBB) In Line On Q1 Rev & Op Income; Earnings Guidance Raised

TECHNOLOGY


  • Q1 revenue and op income broadly in line with consensus at +7% YoY and +13% YoY respectively. YoY org revenue growth was +20%, far ahead of the BBG consensus of 13.4%.
  • Equity may be happy with adj-EPS of USD 1.88 vs. consensus of USD 1.79 along with the raised FY guidance. Org revenue growth guidance left in place.
  • Net cash from ops of USD 831mn vs. USD 1.13bn in Q123; cash and cash equivalents of USD 2.96bn from USD 3.2bn.
  • Spreads 1-2bps tighter on the day; flat since reporting.
89 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.


  • Q1 revenue and op income broadly in line with consensus at +7% YoY and +13% YoY respectively. YoY org revenue growth was +20%, far ahead of the BBG consensus of 13.4%.
  • Equity may be happy with adj-EPS of USD 1.88 vs. consensus of USD 1.79 along with the raised FY guidance. Org revenue growth guidance left in place.
  • Net cash from ops of USD 831mn vs. USD 1.13bn in Q123; cash and cash equivalents of USD 2.96bn from USD 3.2bn.
  • Spreads 1-2bps tighter on the day; flat since reporting.