Proprietary Report with Analysis on Fiserv Payments-Related Performance.
WI-based Fiserv gross revenue posted up mid single-digits year-on-year (YOY) in first quarter (1Q/17). However, net income declined, impacted by the previous sale of StoneRiver, and slightly rising expenses.
Fiserv posted gross revenue of $1394 million for the first quarter, a 5.6% YOY gain, compared to $1431 million for the prior quarter, and $1331 million for the year ago quarter.
Adjusted revenue increased . . . .