Fidelity Information Services: Inside FIS’s Strategic Moves in Core Banking – A Game-Changer for Financial Institutions! 

Fidelity National Information Services, Inc. (FIS) reported mixed results for the third quarter of 2024, demonstrating both strengths and potential challenges in their operations. The company experienced a steady growth in adjusted revenue, which increased by 4% year-over-year. This growth was primarily driven by an acceleration in recurring revenue across its segments, notably in Banking and Capital Markets, with both segments achieving margin expansion. Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) margin was reported at 41.3%, surpassing company expectations. Additionally, the company reported an impressive 13% increase in adjusted earnings per share, reaching $1.40 on a normalized basis.