JACKSONVILLE, Fla. – Fidelity National Information Services on Tuesday said its fourth quarter net income climbed 17% as revenue for its financial solutions segment increased.

The payments technology company, known as FIS, earned $136.7 million, up from $117 million for the same quarter 2011.

The year-ago period included $9.1 million in impairment charges. There were no impairment charges in the fourth quarter. Fourth quarter revenue rose by 3% to $1.5 billion.

For the full year, FIS reported a 3% rise in revenue to $5.81 billion, and a decline in net income of 2% to $461.2 million.

 

Subscribe Now

Authoritative analysis and perspective for every segment of the credit union industry

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.