Fiserv's Debit Network Talks Raise a Bigger Question for Visa and Mastercard
Fiserv (NASDAQ:FISV) reported second-quarter results that were in line with its guidance, while lowering its full-year revenue and margin outlook as Argentina-related pressures, delayed client implementations, hardware sales trends and additional technology spending weigh on its second-half expectations.
Chief Executive Officer Takis Georgakopoulos, who recently ****** umed the role, said the company generated more than $1 billion in free cash flow during the quarter and continued to see growth in its Clover payments platform. Clover gross payment volume rose 9%, while Clover revenue increased 13% after adjusting for anticipation and non-recurring revenue, according to the company.
→ ****** eX's First Earnings Report Could Decide Whether Shorts or Bulls Have Control
3 Tech ETFs That Could Bounce Back After the AI Selloff
#revenue #quarter #debit #bigger
Fiserv (NASDAQ:FISV) reported second-quarter results that were in line with its guidance, while lowering its full-year revenue and margin outlook as Argentina-related pressures, delayed client implementations, hardware sales trends and additional technology spending weigh on its second-half expectations.
Chief Executive Officer Takis Georgakopoulos, who recently ****** umed the role, said the company generated more than $1 billion in free cash flow during the quarter and continued to see growth in its Clover payments platform. Clover gross payment volume rose 9%, while Clover revenue increased 13% after adjusting for anticipation and non-recurring revenue, according to the company.
→ ****** eX's First Earnings Report Could Decide Whether Shorts or Bulls Have Control
3 Tech ETFs That Could Bounce Back After the AI Selloff
#revenue #quarter #debit #bigger
2 months ago
