Strong Revenue Growth: Fiserv, Inc. reported a total company organic revenue growth of 7% year-over-year (YOY), with adjusted earnings per share (EPS) up 14% to $2.4. The company is on track to maintain a full-year organic revenue growth guidance of 10% to 12% and adjusted EPS of $10.1 to $10.3, indicating robust growth expectations moving forward.
Clover Expansion and Performance: Clover, Fiserv’s point-of-sale platform, saw revenue growth of 27% with significant advancements in international markets. Expectations for Clover's revenue are set at $3.5 billion for the full year, with a target of 25% penetration of Value-Added Services (VAS). Despite positive growth, Q1 was impacted by an easier comparison period from Q1 2024 due to leap year effects and shifting holiday timings.
Strategic Acquisitions: Fiserv has completed four strategic acquisitions, including Payfair and CCV Group, aiming to enhance capabilities in embedded finance and omni-channel payments, respectively. This positions Fiserv well to expand its international footprint and drive organic growth through innovative offerings.