FIS, a global technology services provider, reports full-year results for 2023, with net profit down 41%。FIS raised its share repurchase target to $4 billion by the end of 2024, a significant increase from its previous target.。

As of December 31, 2023, FIS exceeded its "Future Forward" cash savings expectations, achieving more than 5.$500 million in annual savings。The company aims to achieve a total of $1 billion in cash savings by the end of 2024.。

FIS expects revenue growth in 2024

Stephanie Ferris, CEO and President of FIS, said: "Our results for 2023 and outlook for 2024 reflect continued positive momentum in our business as we deliver on our financial commitments for the fourth consecutive quarter and successfully close the Worldpay transaction.。"

"I am pleased that we have exceeded our expectations for future growth and announced that we have once again raised our share repurchase target by $500 million, reflecting our confidence in the strength of our business and our continued commitment to returning capital to shareholders."。"

FIS Announces Diluted Earnings Per Share From Continuing Operations of 0.$11, Adjusted EPS of 0.94 USD。Diluted and adjusted earnings per share from continuing operations were 0.$85 and 3.37美元。

In addition, the company has an optimistic outlook for the first quarter and full year of 2024, with revenue expected to accelerate, adjusted EBITDA margin expanded, and adjusted earnings per share increased year-over-year.。

FIS expects revenue for the first quarter of 2024 to come in at 24.$300 million to 24.Between $5.5 billion, full-year revenue will be between $10.1 billion and $101 billion..Between $500 million。In addition, the company expects first-quarter adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) at 9.$5.5 billion to 9.Between $700 million。

Capital distribution and shareholder returns

FIS completed the Worldpay transaction in January 2024, a significant milestone for the company.。Starting in the first quarter of 2024, FIS's 45% ownership of the Worldpay Merchant Solutions business will be reported under "Equity method investment income (loss)" in the income statement.。

The Company's target dividend payout ratio is 35% of adjusted net profit。The FIS Board of Directors has approved the payment of 0 per ordinary share to shareholders of record as of March 8, 2024 on March 22, 2024..Regular quarterly dividend of $36。