(RTTNews) - Wednesday, Fidelity National Information Services Inc. (FIS: News ) reported a higher third-quarter profit helped by improved operating performance across all major business lines. Quarterly revenues were down 3.8%, negatively impacted by exchange rates. Adjusted profit rose 12.2% from last year, but missed Street estimate by a cent.

The Jacksonville, Florida-based company reported net income attributable to FIS common stockholders for the third quarter of $67.6 million or $0.35 per share, compared to $43.6 million or 0.23$ per share in the year-ago quarter.

Non-GAAP net income attributable to common shareholders was $90.2 million or $0.46 per share, compared to $78.2 million or $0.41 per share in the same quarter last year.

Non-GAAP net income for the quarter increased 12.2% year-over-year, and increased 14.6% in constant currency. The increase was attributed primarily to improved operating performance across all major business lines, which offset a higher average share count in the third quarter of 2009.

On average, fifteen analysts polled by Thomson Reuters expected the company to earn $0.47 per share for the quarter. Analysts estimates typically exclude special items.

Consolidated revenues for the quarter decreased 3.8% to $850.7 million from $884.0 million in the prior-year quarter. Excluding a $16.8 million unfavorable impact of foreign currency, consolidated revenue declined 1.9%, primarily due to lower license and professional services revenue, coupled with nonrecurring interchange adjustments and card marketing revenue recorded in the prior year quarter. Fourteen analysts had a revenue consensus of $869.61 million for the third quarter.
In the immediately preceding first quarter, Fidelity National's profit plunged to $59.6 million or $0.31 per share on lower revenues from International and Financial solution segments. Consolidated revenue for the quarter dropped 4.0% to $834.8 million.

Amongst others in the industry, information management systems provider Fiserv Inc. (FISV), is scheduled to report third quarter financial results on October 27. Street analysts currently expect the company to report earnings of $0.92 per share on revenues of $1.06 billion for the company's third quarter.

For the quarter under review, Financial Solutions revenue of Fidelity National declined 7.3% to $278.2 million compared to $300.2 million in the prior period, hurt by lower software license and professional services revenue.

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