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FNIS Reports Record Earnings.(Brief Article)
Fidelity National Information Solutions booked $142.3 million in revenue during the 2nd quarter of 2003, up from $92.1 million a year earlier. The company reported net earnings of $15.3 million for the quarter, up 68% from the $6.2 million in earned in the second quarter of 2002.
For the first six months of the year, FNIS says it earned $27.3 million, up from $13.1 million last year during this period, on revenues of $266.9 million, up from $186.9 million in 2002.
The company said that during the second quarter, data and valuations contributed $75 million (53%) to earnings, solutions $60 million (42%) and services brought in another $7 million (5%).
"This was another record quarter for FNIS, leveraging our operating platform in the continued high volume mortgage ...
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Source: HighBeam Research, FNIS Reports Record Earnings.(Brief Article)