BROOKFIELD (dpa-AFX) - Fiserv Inc. (FISV) reported that its fourth-quarter net income rose to $179 million or $1.32 per share, from $143 million or $1.01 per share in the same quarter last year.
Adjusted earnings per share from continuing operations in the fourth quarter increased 9 percent to $1.39 compared with $1.27 in the fourth quarter of 2011. Analysts polled by Thomson Reuters expected the company to report earnings of $1.39 per share for the quarter. Analysts' estimates typically exclude special items.
The company signed 134 Mobiliti clients in the quarter. The company also signed 113 electronic bill payment clients and 40 debit processing clients in the quarter.
Total revenues for the quarter were $1.156 billion compared to $1.161 billion in the prior year quarter. Adjusted revenue for the quarter was $1.084 billion, unchanged from last year. Sixteen analysts had consensus revenue estimate of $1.18 billion for the quarter.
The company expects total adjusted revenue growth for 2013 to be in excess of 10 percent and adjusted internal revenue growth to be in a range of 3 to 4 percent. The company also expects adjusted earnings per share to be in a range of $5.88 to $6.07, which represents growth of 15 to 18 percent over $5.13 in 2012. Analysts expect the company to report earnings of $5.94 per share on revenues of $4.89 billion for fiscal 2013.
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