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8-K - FORM 8-K - Fidelity National Information Services, Inc. | g23985e8vk.htm |
EX-99.1 - EX-99.1 - Fidelity National Information Services, Inc. | g23985exv99w1.htm |
EX-99.4 - EX-99.4 - Fidelity National Information Services, Inc. | g23985exv99w4.htm |
EX-99.3 - EX-99.3 - Fidelity National Information Services, Inc. | g23985exv99w3.htm |
Exhibit 99.2

News Release
FIS Reaffirms Second Quarter Outlook
JACKSONVILLE,
Fla., July 6, 2010 Fidelity National Information Services, Inc. (FIS) (NYSE: FIS), one of the worlds largest providers of banking and payments technology, today
reaffirmed its outlook for the second quarter of 2010 for low single digit growth in adjusted
revenues compared to $1.26 billion pro forma revenues in the second quarter of 2009, and adjusted
EBITDA margin expansion of approximately 100 basis points compared to the pro forma EBITDA margin
of 28.5% in the prior year period. In addition, the company announced that it expects to report
second quarter adjusted earnings per share of $0.45 to $0.47.
FIS will announce second quarter financial results after the close of regular market trading on
Tuesday, July 20, 2010. The company will also sponsor a live webcast of its quarterly earnings
conference call with the investment community beginning at 5:00 p.m. EDT on the same day. To
access the webcast, go to the Investor Relations section of FIS
homepage, www.fisglobal.com. A
replay will be available after the conclusion of the live webcast.
Use of Non-GAAP Financial Information
Generally Accepted Accounting Principles (GAAP) is the term used to refer to the standard framework
of guidelines for financial accounting. GAAP includes the standards, conventions, and rules
accountants follow in recording and summarizing transactions and in the preparation of financial
statements. In addition to reporting financial results in accordance with GAAP, the company has
provided non-GAAP financial measures, which it believes are useful to help investors better
understand its financial performance, competitive position and prospects for the future. These
non-GAAP measures include adjusted revenue, adjusted earnings before interest, taxes and
depreciation and amortization (EBITDA), adjusted net earnings, and adjusted free cash flow.
Adjusted revenue excludes the impact of deferred revenue purchase accounting. Adjusted EBITDA
excludes the impact of merger and acquisition and integration expenses, accelerated stock
compensation charges associated with merger and acquisition activity, costs associated with the
proposed recapitalization plan, asset impairment charges and certain other costs. Adjusted net
earnings exclude the after-tax impact of merger and acquisition and integration expenses,
accelerated stock compensation charges associated with merger and acquisition activity, costs
associated with the proposed recapitalization plan, acquisition related amortization and certain
other costs. Adjusted free cash flow is GAAP operating cash flow less capital expenditures and
acquisition related cash items. Non-GAAP adjustments are recorded in the Corporate and Other
segment and do not impact operating segment results. Any non-GAAP measures should be considered in
context with the GAAP financial presentation and should not be considered in isolation or as a
substitute for GAAP net earnings. Further, FIS non-GAAP measures may be calculated differently
from similarly titled measures of other companies. Reconciliations of these non-GAAP measures to
related GAAP measures are provided in the attached schedules and in the Investor Relations section
of the FIS Web site, www.fisglobal.com.
Forward-Looking Statements
This news release contains statements related to FIS future plans and expectations and, as such,
constitute forward-looking statements within the meaning of the Private Securities Litigation
Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Statements that are not historical facts, including
statements about 2010 adjusted earnings per share and margin expansion, as well as other statements
about our beliefs and expectations, are forward-looking statements. Forward-looking statements are
based on managements 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. The
risks and uncertainties that forward-looking statements are subject to, include, without
limitation: changes in general economic, business and political conditions, including changes in
the financial markets; the effect of governmental regulations; the effects of our substantial
leverage, which may limit the funds available to make acquisitions and invest in our business; the
risk of reduction in revenue from the elimination of existing and potential customers due to
consolidation in the banking, retail and financial services industries or due to financial failures
suffered by firms in those industries; failures to adapt our services to changes in technology or
in the marketplace; the failure to achieve some or all of the benefits that we expect from the
acquisition of Metavante, including the possibility that our acquisition of Metavante may not be
accretive to our earnings due to undisclosed liabilities, management or integration issues, loss of
customers, the inability to achieve targeted cost savings, or other factors; our potential
inability to find suitable acquisition candidates or difficulties in integrating acquisitions;
competitive pressures on product pricing and services; and other risks detailed in the Statement
Regarding Forward-Looking Information, Risk Factors and other sections of the Companys Form
10-K and other filings with the Securities and Exchange Commission (SEC) that are available on
the SECs Web site located at www.sec.gov. All forward-looking statements included in this document
are based on information available at the time of the document. FIS
undertakes no obligation to update
any forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by law.
About FIS
FIS delivers banking and payments technologies to more than 14,000 financial institutions and
businesses in over 100 countries worldwide. FIS provides financial institution core processing, and
card issuer and transaction processing services, including the NYCE Network. FIS maintains
processing and technology relationships with 40 of the top 50 global banks, including nine of the
top 10; as ranked by Bankersalmanac.com in November 2009. FIS is a member of Standard and Poors (S&P) 500® Index and consistently holds a leading
ranking in the annual FinTech 100 rankings. Headquartered in Jacksonville, Fla., FIS employs more
than 30,000 on a global basis. FIS is listed on the New York Stock Exchange under the FIS ticker
symbol.
###
For More Information:
Marcia Danzeisen, 904-854-5083
|
Mary Waggoner, 904-854-3282 | |
Senior Vice President
|
Senior Vice President | |
FIS Global Marketing and Communications
|
FIS Investor Relations | |
marcia.danzeisen@fisglobal.com
|
mary.waggoner@fisglobal.com |