Al Jazeera has called 2023 “the year of the layoffs.” As the news organization pointed out recently, it started badly in 2023, when Salesforce (NYSE:CRM) cut 10% of its global staff. CEO Marc Benioff might be a big believer in stakeholder capitalism, but 2023 proved that even he wouldn’t stand for an excessive work force. Perhaps the problem was that the U.S. created too many jobs in 2022. Approximately 4.5 million were added, the second-highest in 40 years. An increase like that may have been the deciding ...

The latest trading session saw Fidelity National Information Services (FIS) ending at $61.71, denoting a -0.93% adjustment from its last day's close. This change lagged the S&P 500's daily loss of 0.32%. At the same time, the Dow lost 0.71%, and the tech-heavy Nasdaq lost 0.2%.Coming into today, shares of the banking and payment technologies company had gained 1.43% in the past month. In that same time, the Business Services sector gained 5%, while the S&P 500 gained 4.59%.Market participants will be closel ...

CINCINNATI--(BUSINESS WIRE)--Worldpay, LLC, (the “Company”), a global industry leader in payments technology and solutions, announced today that it has closed upon its previously announced sale and will now operate as an independent company. The Company will be overseen by leading private equity firm GTCR, with a 55% majority ownership interest, while FIS® (NYSE: FIS), a global leader in financial services technology, will retain a 45% ownership interest. In conjunction with the closing of the sale, Charles ...

JACKSONVILLE, Fla.--(BUSINESS WIRE)--Global financial technology leader FIS® (NYSE: FIS) has today announced the launch of its 2024 FIS Fintech Hangout Series, an initiative that fosters and connects fintech startups, investors, financial institutions, FIS experts, and participants from the FIS Fintech Accelerator Program. This series will spark meaningful conversations, share best practices, and showcase the amazing work of the participating fintechs. The Fintech Hangouts supports FIS’ 9-year focus on ide ...

Fidelity National Information Services (FIS) ended the recent trading session at $63.15, demonstrating a -0.55% swing from the preceding day's closing price. This change lagged the S&P 500's daily loss of 0.06%. Meanwhile, the Dow experienced a rise of 0.35%, and the technology-dominated Nasdaq saw a decrease of 0.76%.Coming into today, shares of the banking and payment technologies company had gained 5.71% in the past month. In that same time, the Business Services sector gained 1.8%, while the S&P 500 gai ...

Fidelity National Information Services Inc. (NYSE:FIS) Q3 2023 Earnings Conference Call November 7, 2023 8:30 AM ET Company Participants Stephanie Ferris - President, Chief Executive Officer James Kehoe - Chief Financial Officer George Mihalos - Senior Vice President, Investor Relations Conference Call Participants Ramsey El-Assal - Barclays Tien-Tsin Huang - JP Morgan James Faucette - Morgan Stanley Jason Kupferberg - Bank of America Darrin Peller - Wolfe Research Vasundhara Govil - KBW Dan Dolev - Mizuho ...

THIRD QUARTER 2023 EARNINGS CALL f Speakers Our Commitments & Results James Kehoe Chief Financial Officer Non-GAAP Measures Our Commitments & Results DELIVERING ON FINANCIAL COMMITMENTS Business Separation Plan Awaiting Regulatory Approval Simplicity: Higher levels of integration, resulting in increased operating margins LEADING GLOBAL PROVIDER OF NEXT-GEN SOLUTIONS Expanding Total Addressable Market Market leading nextgeneration banking platform Increasing penetration beyond traditional Capital Markets par ...

FIDELITY NATIONAL INFORMATION SERVICES, INC. 45 | --- | --- | --- | --- | --- | |--------------------------------------------------------------------------|---------------|--------------------|-------|-----------------------------| | Contract costs on implementations in progress | September \n$ | 30, 2023 \n230 | $ | December 31, 2022 \n240 | | Contract origination costs on completed implementations, net | | 547 | | 516 | | Contract fulfillment costs on completed implementations, net | | 231 | | 217 | | Tot ...

Fidelity National Information Servcs Inc. (NYSE:FIS) Q2 2023 Earnings Conference Call August 2, 2023 8:30 AM ET Company Participants George Mihalos - Head, Investor Relations Stephanie Ferris - Chief Executive Officer and President Erik Hoag - Chief Financial Officer Conference Call Participants Rayna Kumar - UBS David Togut - Evercore ISI Jason Kupferberg - Bank of America Tien-Tsin Huang - JPMorgan Dave Koning - Baird Darrin Peller - Wolfe Research Ashwin Shirvaikar - Citi James Faucette - Morgan Stanley ...

29 Revenue for the three months ended June 30, 2023, increased primarily due to strong recurring revenue growth in Banking and Capital Markets segments and increased revenue in Merchant driven by increased volumes. Selling, General and Administrative Expenses Operating Income and Operating Margin | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------------------------------------------------------------------------------------------------|---------|----------------|-- ...