UPDATE 1-Fidelity National Q4 adj profit beats Wall Street

* Q4 adj EPS $0.44 vs est EPS $0.43

* Q4 adj rev up 3 pct to $1.32 bln

* Says to buy back up to 15 mln shares

* Backs prior 2010 EPS view of $1.91-$2.01

Feb 4 (BestGrowthStock) – Electronic payment processor Fidelity
National Information Services Inc (FIS.N: ) reported adjusted
quarterly earnings that beat analysts’ estimates, helped by a
rise in revenue from its international solutions segment.

Net loss for the fourth quarter was $53.9 million, or 14
cents a share, compared with a profit of $28.8 million, or 15
cents a share last year.

The Jacksonville, Florida-based company said adjusted
profit was 44 cents a share for the quarter.

Analysts on average were looking for a profit of 43 cents a
share, before items, according to Thomson Reuters I/B/E/S.

Adjusted revenue rose 3 percent to $1.32 billion.

International solutions revenue increased 24 percent to
$232.3 million, on an adjusted basis.

The company reiterated its earnings forecast of between
$1.91 and $2.01 per share in 2010.

The company also said its board approved a three-year stock
repurchase program, under which the company may repurchase up
to 15 million common shares.

Last year, Fidelity National bought rival Metavante
Technologies for $2.94 billion, to create the world’s largest
provider of integrated payment and financial processing
services.

Shares of the company closed at $23.54 Thursday on the New
York Stock Exchange.

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(Reporting by Brenton Cordeiro in Bangalore; Editing by
Unnikrishnan Nair) (([email protected];
within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800;
Reuters Messaging:
[email protected]))

UPDATE 1-Fidelity National Q4 adj profit beats Wall Street