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For the fourth year in a row, FIS has taken the No. 1 ranking in the Chartis RiskTech100®. FIS also retained its 2018 awards in the categories of Market Presence, Functionality, Energy Trading, Insurance and Market Risk. For the first time, FIS won category awards in Commodity Trading and IFRS (International Financial Reporting Standards) 17. “FIS empowers our clients to stay ahead of ever-changing global risks,” said Marianne Brown, co-chief operating officer, FIS. “This award is a source of pride because it shows how consistently we help our clients achieve their goals through the depth and breadth of our solutions.” “Chartis Research surveys a vast amount of data to determine the RiskTech100 rankings,” said Rob Stubbs, head of Research, Chartis. “That FIS continues to top the rankings is particularly impressive.” The RiskTech100® is now in its thirteenth year. It is a leading study of the world's top 100 players in risk and compliance technology.
FIS today reported third quarter 2018 results. On a GAAP basis, revenue decreased 0.6 percent to $2,084 million from $2,096 million in the prior year quarter. Operating income decreased to $342 million from $385 million in the prior year quarter, while operating income margin contracted 200 basis points to 16.4 percent. Net earnings attributable to common stockholders was $154 million for the quarter, or $0.47 per diluted share, compared to $0.18 per diluted share in the prior year quarter, an increase of 161.1 percent. On an adjusted basis, organic revenue increased 4.0 percent. Adjusted EBITDA increased to $808 million for the third quarter, from $751 million in the prior year quarter, while adjusted EBITDA margin expanded 290 basis points to 38.7 percent. Adjusted net earnings attributable to common stockholders was $438 million for the quarter, or $1.33 per diluted share, compared to $1.17 per diluted share in the prior year quarter, an increase of 13.7 percent.
Gary Norcross shares how APAC and Latin America will impact the #fintech ecosystem in the future, via Cheddar Inc. http://glassdoor.com/slink.htm?key=vQq1k
FIS began as Systematics, Inc., a data processing company founded in Arkansas in Oct. 1968. Now we're celebrating our 50th Anniversary. Learn more about our journey: http://glassdoor.com/slink.htm?key=vQxBI #FISisGold
FIS is turning 50! Follow us all week on Twitter (@FISGlobal) to see how we’re celebrating this historic milestone. #FISisGold
#ICYMI: FIS is proud to be a founding partner of Georgia FinTech Academy. This powerful partnership between a visionary university and a FORTUNE 500 company such as ourselves, accelerates the development of tomorrow’s fintech talent, today. http://glassdoor.com/slink.htm?key=vQkJo
FIS announced that it has been ranked first in the 2018 IDC FinTech Rankings. The annual IDC FinTech Rankings are based on 2017 calendar year revenues attributed to financial institutions. “Our industry is changing faster than ever before and, to keep pace, FIS remains focused on creating and delivering the technology and innovations that help our clients succeed and grow,” said Gary Norcross, FIS chairman, president and CEO. “We’re proud to once again take home the top spot because it shows that the investments we are making in our businesses are valued by our clients.” Now in its fifteenth year, the IDC FinTech Rankings categorize and evaluate the top global providers of financial technology based on calendar year revenues from financial institutions for hardware, software and/or services. These providers supply the technological backbone of the financial services industry, an industry in which IDC Financial Insights forecasts worldwide spending on IT across the globe to reach half a trillion dollars by 2020. http://glassdoor.com/slink.htm?key=vQrUp
#ICYMI - Our Orlando campus has been named one of the Orlando Business Journal's Best Places to Work for the fifth year in a row.
Our Orlando campus has been named one of the Orlando Business Journal’s Best Places to Work for the fifth year in a row! The survey – answered by employees – measured teamwork, trust in senior leaders, job satisfaction and more: http://glassdoor.com/slink.htm?key=vQQYN
FIS is proud to partner with the Business Roundtable in the Workforce Partnership Initiative, a U.S-based initiative that creates regional networks of business leaders & local educational partners to meet changing skills needs and expand quality job opportunities. The Workforce Partnership Initiative brings together local business leaders, educational institutions, and community partners to tackle skills development challenges while also driving economic growth. We're excited to sign on and help expand quality job opportunities in Milwaukee through the University of Milwaukee-Wisconsin and the mid-Atlantic D.C area through the University of Maryland, College Park and plan to continue expansion to other regions/universities. http://glassdoor.com/slink.htm?key=vQIaW
