Financial-technology firm anticipates significant growth
- Fidelity National Information Service boosts 2023 revenue projection
- Anticipates revenue range of $14.6 billion to $14.65 billion
- Adjusted earnings before interest taxes depreciation and amortization projected at $6.1 billion to $6.15 billion
- Expects adjusted EBITDA between $3.93 billion and $3.97 billion on revenue of $9.81 billion to $9.84 billion
- Plans to buy back $500 million in shares in the fourth quarter
Fidelity National Information Service has announced an increase in its 2023 revenue projection due to rising demand for its financial technology. The firm now expects to generate revenue between $14.6 billion and $14.65 billion, compared to the previous estimate of $14.29 billion to $14.54 billion. Additionally, Fidelity National forecasts adjusted earnings before interest taxes depreciation and amortization (EBITDA) of $6.1 billion to $6.15 billion for the year. Excluding discontinued operations, the company anticipates adjusted EBITDA between $3.93 billion and $3.97 billion on revenue of $9.81 billion to $9.84 billion. In line with its positive outlook, Fidelity National plans to repurchase approximately $500 million worth of shares in the fourth quarter.
Factuality Level: 8
Factuality Justification: The article provides specific information about Fidelity National Information Service’s updated revenue projection and adjusted earnings before interest taxes depreciation and amortization for 2023. The information is presented without any obvious bias or opinion, and there are no digressions or irrelevant details. However, the article is quite short and lacks additional context or analysis.
Noise Level: 7
Noise Justification: The article provides information about Fidelity National Information Service’s boosted revenue projection and financial forecasts. However, it lacks context and analysis on the reasons behind the increased demand for its financial technology and the potential risks or challenges the company may face in achieving its projections. The article also does not provide any evidence or examples to support its claims. Overall, it contains some relevant information but lacks depth and analysis.
Financial Relevance: Yes
Financial Markets Impacted: The financial markets that may be impacted by this news article are the technology and financial sectors. Fidelity National Information Service is a financial-technology firm, and its increased revenue projection indicates growing demand for its services. This could potentially lead to increased investment and activity in the technology and financial markets.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: There is no mention of an extreme event in the news article.
Public Companies: Fidelity National Information Service (FIS)
Key People:
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