Fiserv Reports Q3 Record Earnings

Brookfield, Wis.-based financial services software-maker Fiserv Inc. announced today record earnings for the third quarter of 2003.

For the three-month period ended Sept. 30, 2003, Fiserv processing and services revenues were $712 million, a 26 percent increase over $564.1 million for the third quarter of 2002. Net income per share-diluted for the third quarter of 2003 was 41 cents per share, compared to 34 cents per share for the third quarter of 2002.

For the nine-month period ended Sept. 30, 2003, Fiserv processing and services revenues were $1,995.9 million, an 18 percent increase over $1,688.4 million for the first nine months of 2002. Net income per share-diluted for the first nine months of 2003 was $1.19 per share, compared to $1.01 per share for the first nine months of 2002.

During the third quarter, Fiserv completed five acquisitions, including Cincinnati-based Unisure Inc., a provider of reinsurance software and related services, and St. Petersburg, Fla.-based Insurance Management Solutions Group, which serves the flood insurance market with a complete range of policy and claims administration services and financial and statistical reporting.

Topics Profit Loss