Technology
Information Technology Services
$116.43B
42K
Key insights and themes extracted from this filing
Total revenue increased to $5.107 billion, up 7% year-over-year, primarily driven by a $216 million increase in processing and services revenue. Product revenue also contributed, increasing by $135 million.
Operating income increased significantly to $1.428 billion, a 26% increase compared to the same quarter last year. This was driven by scalable revenue growth and a reduction in amortization of acquisition-related intangible assets.
Net income attributable to Fiserv, Inc. reached $894 million, a 31% increase compared to $683 million in the same quarter of the previous year. This increase was driven by revenue growth and improved operating income.