Fidelity National Information Services Releases Third Quarter Results

Fidelity National Information Services, Inc. has just announced its financial results for the third quarter of 2006, ending September 30, 2006. Fidelity National Information Services is a leading provider of technology services to financial institutions all over the world. These services include cor processing, transaction processing, mortgage loans processing and outsourcing services.

Their third quarter results show that consolidated revenue has increased to $1.08 billion and net earnings have increased to $78.6 million. Fidelity National Information Services expect to achieve revenue growth of between 7 and 8 percent.

Fidelity National Information Services' results are given in accordance with GAAP. However, they also report some non-GAAP measures in order to give the investment community a much broader means of seeing how the operating performance is going. These measures include earnings before interest, deprectiation and taxes.

The third quarter results for Fidelity Nati onal Information Services shows that revenue for lender processing services has increased to $432.9 million, a rise of 4.7 percent. Part of the reasons for this rise include a higher number of mortgage loans processed.

Chairman and CEO of Fidelity National Information Services, William P Foley, II, says the third quarter was a period of transition. He says that there was a shift from the majority of transaction being purchase transactions towards there being more refinance transaction.

Fidelity National Financial has just transferred Sedgwick and other assets to FNT. FNT will now change its name to Fidelity National Financial, and will operate on the New York Stock Exchange under the trading symbol of FNF.

On Thursday, October 26, Fidelity National Information Services will host a webcast with investors and analysts to discuss the results. Interested parties can participate in the webcast at www.fidelityinfoservices.com or through telephone. After this date, the webcast will b e available on the FIS Investor Relations website.