WI-based Fiserv reports GAAP revenue was $5.07 billion compared with $4.81 billion in 2013. Adjusted revenue was $4.74 billion for the full year compared with $4.55 billion in 2013, an increase of 4%.
GAAP revenue in the fourth quarter was $1.32 billion compared with $1.26 billion in the fourth quarter of 2013. Adjusted revenue was $1.23 billion in the fourth quarter compared with $1.19 billion in the fourth quarter of 2013, also an increase of 4%.
Fiserv says sales performance increased 7% in the quarter and 12% for the full year 2014 compared with the prior year periods.
The company signed 120 Mobiliti™ clients in the quarter and 395 for the full year. As of December 31, 2014, the company had approximately 2,100 mobile banking clients.
The company signed 82 Popmoney® clients to join the payment network in the quarter and 305 for the full year. The network now includes nearly 2,400 financial institutions.
The company signed 109 electronic bill payment clients and 38 debit processing clients in the quarter leading to 356 electronic bill payment clients and 134 debit processing clients added for the full year.
Fiserv expects adjusted internal revenue to grow in a range of 5 to 6 percent. The company also expects adjusted earnings per share in a range of $3.73 to $3.83, which would represent growth of 11 to 14 percent over $3.37 in 2014.
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