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With revenue up, FIS makes case that merchant business will continue growing

·2 min read
With revenue up, FIS makes case that merchant business will continue growing
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Fintech giant Fidelity National Information Services saw third-quarter revenue jump year over year — although not as much as analysts had hoped — driving adjusted earnings per share up 22%. Adjusted earnings per share grew to $1.73 per share from $1.42 in Q3 2020, beating analyst expectations of $1.68. The quarterly results come from the company continuing to build on its global e-commerce offering and expansion into new verticals such as cryptocurrencies, CEO Gary Norcross said Thursday during a call with analysts.