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4-Traders Homepage  >  Equities  >  Nyse  >  Fidelity National Information Servcs Inc    FIS

Delayed Quote. Delayed  - 09/26 03:44:09 pm
76.84 USD   -0.31%
09/22 FIDELITY NATION : FIS to Report Third Quarter Earnings on Nov. 1
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Fidelity National Information Services : FIS' 'Winning' Banking Solutions: Three Honors Boost Awards to 10 in 2012

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08/28/2012 | 10:20pm CEST

  • Aite Group recognizes FIS' excellence in core banking solutions with three honors

? Awards recognize excellence in vendor experience, technology and ease of integration

FIS? (NYSE:FIS), the world's largest provider of banking and payments technology, announced that Aite Group has honored it with three market-leader awards, raising to 10 the number of such recognitions FIS has received in 2012 for its core bank-processing solutions.

In its new report, The Leading U.S. Core Vendors: Fueling Financial Institution Initiatives, the independent research and advisory firm recognized FIS with awards in the categories of vendor experience, technology and ease of integration. Aite Group focuses on business, technology and regulatory issues that affect the financial services industry.

Its report analyzed the U.S. core system replacement market, key trends shaping its future and business drivers that will drive increased momentum. It also compared U.S. bank and credit union core system offerings and changes in the competitive landscape. FIS' awards honored it for:

  • Profile, FIS' strategic real-time core banking solution, as recipient of the Leader of the Pack Award. It recognizes the vendor overall experience in a specific market, including total client base in the designated market segment, number of signed clients for the proposed solution and 2011 successes.
  • Profile as the recipient of the Technology Award, recognizing its high level of technological sophistication, including solution architecture and interoperability, reliability, security and scalability. Profile serves more than 200 clients globally.
  • Its IBS solution, which won the Alliance Award. It recognizes ease of integration with other third-party solutions, including quality and depth of integration with third-party solutions, ease of implementation and incremental cost to add an ancillary service or solution.

"We are honored to be acknowledged for our core processing solutions," said Anthony Jabbour, executive vice president, FIS Financial Solutions Group. "Our continued objective seeks to provide leading technology solutions that enable our clients to achieve their strategic operational goals, mitigate risk and drive growth in their target markets. This outside recognition validates the strength and quality of our solutions and the benefits they bring to our clients."

According to a recent study by Aite Group, U.S. financial institutions are expected to invest more than $4 billion in core system replacements over the next three years. "With an increase forecasted in U.S. core replacement systems over the next few years, core solution providers must deliver platforms that meet their clients' growing regulatory and compliance needs and tools that set them apart from their competitors," said Christine Barry, research director, Aite Group. "FIS continues to be a leading player in the core solutions market with comprehensive offerings that address the growing challenges of financial institutions of all sizes."

Personalized service, competitive choices and maximum client experience are the standards that set FIS' solutions apart. They provide clients with the means to meet, and often exceed, their strategic business goals. Financial institutions of every size are turning to FIS for technology that adapts to their clients' changing needs while still driving revenue and mitigating risk. Thirty of the top 100 banks employ a fully outsourced FIS solution.

About FIS

FIS (NYSE: FIS) is the world's largest global provider dedicated to banking and payments technologies. With a long history deeply rooted in the financial services sector, FIS serves more than 14,000 institutions in over 100 countries. Headquartered in Jacksonville, Fla., FIS employs more than 32,000 people worldwide and holds leadership positions in payment processing and banking solutions, providing software, services and outsourcing of the technology that drives financial institutions. First in financial technology, FIS tops the annual FinTech 100 list, is 425 on the Fortune 500 and is a member of Standard & Poor's 500® Index. For more information about FIS, visit www.fisglobal.com.

Forward-Looking Statements

This news release contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. Forward-looking statements are based on management's beliefs, as well as assumptions made by, and information currently available to, management. Because such statements are based on expectations as to future economic performance and are not statements of fact, actual results may differ materially from those projected. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to: changes in general economic, business and political conditions and other risks detailed in the "Statement Regarding Forward-Looking Information," "Risk Factors" and other sections of the Company's Form 10-K and other filings with the Securities and Exchange Commission.

Kim Snider, 904.438.6278
Vice President
FIS Global Marketing and Communications
kim.snider@fisglobal.com
or
Mary Waggoner, 904.438.6282
Senior Vice President
FIS Investor Relations
mary.waggoner@fisglobal.com


© Business Wire 2012
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Financials ($)
Sales 2016 9 450 M
EBIT 2016 2 327 M
Net income 2016 882 M
Debt 2016 -
Yield 2016 1,34%
P/E ratio 2016 30,04
P/E ratio 2017 22,76
Capi. / Sales 2016 2,67x
Capi. / Sales 2017 2,55x
Capitalization 25 269 M
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Average target price 89,2 $
Spread / Average Target 16%
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NameTitle
Gary A. Norcross President, Chief Executive Officer & Director
Frank R. Martire Executive Chairman
James W. Woodall Chief Financial Officer & Executive Vice President
Ido Gileadi Chief Information Officer
Troy Bradley Chief Technology Officer & Senior Vice President
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