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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 2.45B | 11.1% |
Gross Profit | 951M | 3.9% |
Cost of Revenue | 2.33B | 0.5% |
Operating expense | 796M | 1.4% |
Net Income | 243M | 66.4% |
EBITDA | 496M | 45.9% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 34.6B | 3.5% |
Total Liabilities | 17.6B | 1.6% |
Total Equity | 17B | 5.5% |
Shares Outstanding | 554M | 3.8% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 244M | 61.6% |
Cash from investing | -183M | 102% |
Cash from financing | -1.4B | 85.3% |
EPS
Financial Highlights for FIS in Q2 '24
FIS reported a revenue of 2.45B, which is a 11.1% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 951M, marking a 3.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 2.33B, a 0.5% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 796M, showing a 1.4% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 243M, showing a -66.4% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 496M, showing a -45.9% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
FIS faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.