A surge in international demand and growth in account processing activity helped technology vendor Fidelity National Information Services Inc. post a 13.4% year-over-year increase in second-quarter revenue.
The Jacksonville, Fla., company, which sells software that banks use to manage customer accounts, process payments and perform other activities, said Tuesday after market close that it recorded revenue of $1.44 billion in the quarter ending June 30.
The company also reported a higher profit in the quarter. Its net income from continuing operations was $129.3 million, up 36%. The company earned 42 cents per diluted share, compared with 25 cents per diluted share, a year earlier.
On an adjusted basis, FIS earned 55 cents per diluted share, beating analysts' averaged estimate of 54 cents.
"These results reflect our ongoing focus on expanding client relationships, driving operational excellence and further extending our market leadership position," Frank Martire, the president and chief executive of FIS, said in a press release.
FIS last month said it may submit a bid to acquire the U.K. financial technology vendor Misys PLC, which would further expand its international presence. FIS did not provide an update on its plans in its press release.
FIS ended the quarter with $427.3 million in cash and $4.9 billion in debt.
Before reporting earnings, the company's shares closed up 2.7% at $29.78. Its shares fell as much as 1.4% in after-hours trading.
