Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, reported financial results for the fourth quarter and full year 2020.
On an adjusted non-GAAP basis, the company’s financial performance measures in this news release, including adjusted revenue, internal revenue, internal revenue growth, adjusted operating margin, adjusted net income, adjusted earnings per share and free cash flow, have been recalculated to provide full year 2019 results on a combined company basis to enhance investors’ ability to evaluate the company’s operating performance including First Data.
Internal revenue growth was 1% in the fourth quarter, with 3% growth in the Acceptance segment, and a 1% decline in both the Fintech and Payments segments.
Internal revenue for the total company and each of the Acceptance, Fintech and Payments segments was flat for the full year.
Fiserv expects internal revenue growth of 8% to 12% and adjusted earnings per share in a range of $5.30 to $5.50, representing growth of 20% to 24%, for 2021. This outlook assumes no significant extension of COVID-19 impacts beyond the first half of 2021.
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