Fiserv Inc., a Brookfield-based provider of financial services technology solutions, reported fourth quarter net income of $143 million, or $1.01 per share, up from $116 million, or 78 cents per share, in the same period a year ago.
The company's quarterly revenue grew to $1.2 billion from $1.1 billion a year earlier.
"Revenue growth in the quarter was at its highest level in more than three years leading to our 26th consecutive year of double-digit adjusted EPS growth," said Jeffery Yabuki, president and chief executive officer of Fiserv. "Our market leading solutions have us well positioned to capitalize on important trends in the financial services industry."
Fiserv expects 2012 adjusted revenue growth to be in a range of 4 to 6 percent and adjusted internal revenue growth to be in a range of 3.0 to 4.5 percent. The company also expects 2012 adjusted earnings per share to be in a range of $5.04 to $5.20, which represents growth of 10 to 14 percent over $4.58 in 2011.
"Two consecutive years of strong sales along with the introduction of new, highly valued solutions, have us well positioned to deliver additional client value and enhance growth," Yabuki said.
Fiserv projects continued growth
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