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Short Take: Fiserv matches estimates for second quarter

Information management firm Fiserv reported earnings in line with Wall Street estimates. The company earned $34.3 million, or 27 cents per share, from $28.6 million, or 22 cents a year ago. Revenue increased 10 percent to $343.3 million, from $311.2 million in the similar quarter last year. Fiserv reiterated its goal for earnings-per-share growth of 18 percent to 20 percent for the year, and said its cash flow prospects remained strong.

Jan. 2, 2002 4:43 p.m. PT

Information management firm Fiserv reported earnings in line with Wall Street estimates. The company earned $34.3 million, or 27 cents per share, from $28.6 million, or 22 cents a year ago. Revenue increased 10 percent to $343.3 million, from $311.2 million in the similar quarter last year. Fiserv reiterated its goal for earnings-per-share growth of 18 percent to 20 percent for the year, and said its cash flow prospects remained strong.