Fiserv Reports Record 1Q Earnings

Fiserv Inc., Brookfield, Wis., has reported record earnings of $624.8 million ($0.38 per share) for the first quarter, up 11% from $560.7 million ($0.33 per share) a year earlier.Leslie M. Muma, Fiserv's president and chief executive officer, said most business units performed at or above expectations during the quarter, touting in particular the company's "full suite of automation services and products" and its "broad offering of business process outsourcing capabilities." The company provides data processing and information management systems to banks, mortgage lenders, and other financial institutions.

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