Fiserv stays the course







Photo credit © UzirePictures


(Boursier.com) — Fiserv , an American player in the field of payments, announces for its fourth quarter GAAP revenues of $4.63 billion, up 9%, for a GAAP EPS of $1.23. On an adjusted basis, revenue improved 8% to $4.36 billion, while adjusted earnings per share climbed 22% to $1.91. The consensus was $1.9 adjusted EPS for $4.34 billion in revenue. The 2022 annual free cash flow reached 3.52 billion dollars, stable compared to the previous year. Fiserv now says it anticipates organic revenue growth of 7 to 9% for 2023, for adjusted earnings per share of $7.25 to $7.4, up 12 to 14%. “As we enter an uncertain 2023, we remain confident in our role as a strategic provider and partner to the banking and payments ecosystem. We look forward to continuing to deliver market-leading products and services with quality, reliability and value,” said CEO Frank Bisignano.


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