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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- Fidelity National Information Services, Inc (NYSE: FIS) reported second-quarter FY22 revenue growth of 7% year-on-year to $3.72 billion, beating the consensus of $3.67 billion. On an organic basis, revenue grew 8%.
- Merchant Solutions revenue grew 11% Y/Y to $1.3 billion. Revenue from Banking Solutions rose 5% Y/Y to $1.66 billion, and Capital Market Solutions increased 5% to $663 million.
- Margin: Adjusted EBITDA margin contracted 70 bps 43%.
- Adjusted EPS of $1.73 beat the consensus of $1.71.
- FIS held $1.69 billion in cash and equivalents and generated $1.02 billion in operating cash flow.
- CFO Transition: Deputy CFO Erik Hoag will succeed James "Woody" Woodall as CFO on November 4.
- Outlook: FIS sees Q3 revenue of $3.580 billion - $3.635 billion, below the consensus of $3.74 billion. It sees an adjusted EPS of $1.74 - $1.78, below the consensus of $1.91.
- FIS cut the FY22 revenue outlook to $14.615 billion - $14.700 billion from $14.78 billion - $14.925 billion below the consensus of $14.84 billion. The company cut adjusted EPS to $7.00 - $7.10 from $7.25 - $7.37, below the consensus of $7.26.
- Price Action: FIS shares traded lower by 7.33% at $96.51 on the last check Thursday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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