Fidelity National Information Services (FIS) 8-K Results of Operations and Financial Condition

Exhibit 99.1

PRESS RELEASE

FIDELITY NATIONAL INFORMATION SERVICES, INC.
REPORTS RECORD REVENUE GROWTH OF 15.1%
SECOND QUARTER REVENUES REACH $1.2 BILLION

     Jacksonville, Fla. – July 24, 2007— Fidelity National Information Services, Inc. (NYSE:FIS), a leading global provider of technology services to financial institutions, today announced financial results for the second quarter of 2007. Consolidated revenue increased to $1.2 billion, net earnings increased to $148.0 million and net earnings per diluted share totaled $0.75, which includes a $58.0 million, or $0.29 per share, after-tax gain on the sale of Covansys Corporation common stock.

     FIS reported revenue growth of 15.1%, adjusted EBITDA growth of 10.9% and adjusted cash earnings per diluted share of $0.59. “We are very pleased with the outstanding second quarter results and the strong contribution from each of our businesses,” stated FIS Executive Chairman William P. Foley, II. “We are also very excited about our pending merger with eFunds, which will strengthen our competitive position adding scale, additional product capability, and broader global reach.”

     FIS’ operating results are presented on a U.S. generally accepted accounting principles (“GAAP”) basis and on an adjusted pro forma basis, which management believes provides more meaningful comparisons between the periods presented. FIS’ full year 2006 pro forma results reflect a January 1, 2006 effective date for the merger between FIS and Certegy. Additionally, the adjusted pro forma results exclude certain merger and acquisition and integration expenses, certain stock compensation charges, debt restructuring charges, and a gain on the sale of Covansys Corporation common stock. Reconciliations between GAAP and pro forma results are provided in the attachments to this press release, which are posted on the company’s website at http://www.fidelityinfoservices.com.

	2nd Quarter		2nd Quarter
GAAP	2007		2006
Total Revenue	$1,176.2 million		$1,021.9 million
Net Earnings	$148.0 million		$66.0 million
Net Earnings Per Diluted Share	$	0.75	$	0.34

Adjusted, excluding items
described above	2nd Quarter		2nd Quarter		%
(see Appendix A)	2007		2006		Chg
Total Revenue	$1,176.2 million		$1,021.9 million			15.1	%
EBITDA	$299.6 million		$270.1 million			10.9	%
Net Earnings	$91.4 million		$70.3 million			29.9	%
Net Earnings Per Diluted Share	$	0.46	$	0.37		24.3	%
Cash Earnings	$115.3 million		$98.9 million			16.6	%
Cash Earnings Per Diluted Share	$	0.59	$	0.51		15.7	%
Diluted Shares Outstanding	197.0 million		195.4 million

     FIS presents its financial results in accordance with GAAP. However, in order to provide the investment community with a broader means of evaluating the operating performance of its operations, FIS also reports several non-GAAP measures, including earnings before interest, taxes, depreciation and amortization (“EBITDA”), net earnings plus depreciation and amortization less capital expenditures (“Free Cash Flow”) and net earnings plus other tax-adjusted purchase price amortization (“Cash Earnings”). Any non-GAAP measures should be considered in context with the GAAP financial presentation and should not be considered in isolation or as a substitute for GAAP net earnings. Reconciliations between GAAP and non-GAAP results and schedules showing historical detail are provided in the attachments to this press release.

Segment Information

     FIS’ Transaction Processing Services generated revenue of $709.7 million, or 16.0% over the prior-year period, driven by 44.3% growth in International, 11.0% growth in Enterprise Solutions and 9.1% growth in Integrated Financial Solutions. Strong new sales, expansion within the existing client base and the Company’s item processing operation in Brazil contributed to the strong revenue growth. Transaction Processing Services’ EBITDA increased 16.3% over the prior-year quarter to $171.5 million. The EBITDA margin was 24.2%, which was comparable to the 24.1% margin reported for the second quarter of 2006.

     Lender Processing Services’ revenue increased 13.3% to $462.5 million, driven by 20.3% growth in Information Services, which continues to benefit from strong results within default solutions, appraisal, and title and settlement services. Lender Processing Services’ EBITDA was $149.0 million, or 5.4% above the prior year quarter. The EBITDA margin was 32.2%, compared to 31.5% in the first quarter of 2007, and 34.7% in the second quarter of 2006. The decline from the prior year quarter is primarily the result of significant growth in lower margin appraisal volumes.

     Additional segment information is provided in the following table. Certain prior year numbers have been adjusted to reflect subsequent reclassifications between business units:

Segment Revenues	2nd Quarter			2nd Quarter
(amounts in millions)	2007			2006			% Chg
Transaction Processing Services:
Integrated Financial Solutions	$	297.1		$	272.4			9.1	%
Enterprise Solutions		270.1			243.3			11.0	%
International		143.3			99.3			44.3	%
Other		(0.8	)		(2.9	)		73.2	%
	$	709.7		$	612.1			16.0	%
Lender Processing Services:
Mortgage Processing	$	97.3		$	93.2			4.5	%
Information Services		365.2			303.5			20.3	%
Other		—			11.4			(100.0	%)
	$	462.5		$	408.1			13.3	%
Corporate	$	4.0		$	1.7			124.8	%
Total FIS	$	1,176.2		$	1,021.9			15.1	%

     Corporate expense for the second quarter of 2007 totaled $21.0 million. The $2.1 million increase compared to the prior year quarter is attributable to a $4.0 million increase in stock option expense. The effective tax rate was 36.9%.

Outlook

     The Company reiterates its full year guidance for adjusted earnings per diluted share of $1.97 to $2.03, and adjusted cash earnings per diluted share of $2.47 to $2.53. Management expects 2007 pro forma revenue growth of 9% to 11% (compared to previous guidance of 7% to 9%) and adjusted pro forma EBITDA growth to approach the high end of its previously announced guidance of 10% to 12%.

     On June 27, 2007, FIS announced a definitive agreement to acquire EFD/eFunds Corporation in an all cash transaction valued at approximately $1.8 billion. The transaction is expected to be completed by the end of the third quarter of 2007, subject to certain regulatory approvals, approval by EFD shareholders and customary closing conditions. The transaction is expected to be neutral to cash earnings per diluted share in

2007. Including synergies, the transaction is expected to be accretive to adjusted cash earnings per diluted share in 2008.

     FIS will host a call with investors and analysts to discuss second quarter results on Wednesday, July 25, 2007, beginning at 10:30 a.m. Eastern time. Those wishing to participate via the webcast should access the call through FIS’ Investor Relations website athttp://www.fidelityinfoservices.com.Those wishing to participate via the telephone may do so by calling 800-553-0358 (USA) or 612-332-0720 (International). The webcast replay will be available on FIS’ Investor Relations website. The telephone replay will be available through August 1, 2007, by dialing 800-475-6701 (USA) or 320-365-3844 (International). The access code will be 877965.

About Fidelity National Information Services

     Fidelity National Information Services, Inc. (NYSE:FIS) is a leading provider of core processing for financial institutions; card issuer and transaction processing services; mortgage loan processing and mortgage-related information products; and outsourcing services to financial institutions, retailers, mortgage lenders and real estate professionals. FIS has processing and technology relationships with 35 of the top 50 global banks, including nine of the top 10. Approximately 50 percent of all U.S. residential mortgages are processed using FIS software. FIS is a member of Standard and Poor’s (S&P) 500^® Index and has been ranked the number one banking service provider in the world byAmerican Bankerand the research firm Financial Insights and the number two overall financial technology provider in the annual FinTech 100 rankings. Headquartered in Jacksonville, Fla., FIS maintains a strong global presence, serving more than 7,800 financial institutions in more than 60 countries worldwide. For more information on Fidelity National Information Services, please visitwww.fidelityinfoservices.com.

Forward-Looking Statements

     This press release contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. Forward-looking statements are based on management’s beliefs, as well as assumptions made by, and information currently available to, management. Because such statements are based on expectations as to future economic performance and are not statements of fact, actual results may differ materially from those projected. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to: changes in general economic, business and political conditions, including changes in the financial markets; the effects of our substantial leverage, which may limit the funds available to make acquisitions and invest in our business; the risks of reduction in revenue from the elimination of existing and potential customers due to consolidation in the banking, retail and financial services

industries; failures to adapt our services to changes in technology or in the marketplace; adverse changes in the level of real estate activity, which would adversely affect certain of our businesses; our potential inability to find suitable acquisition candidates or difficulties in integrating acquisitions; significant competition that our operating subsidiaries face; the risks and uncertainties related to our recently announced data theft, which continues to be investigated, and which includes the potential for fines, increased operating costs and loss of business; the possibility that our future acquisition of EFD/eFunds, which is subject to regulatory and EFD shareholder approval, may not be completed or may not be accretive to our earnings due to undisclosed liabilities, management or integration issues, loss of customers or other factors; and other risks detailed in the “Statement Regarding Forward-Looking Information,” “Risk Factors” and other sections of the Company’s Form 10-K and other filings with the Securities and Exchange Commission.

FIS-e

SOURCE: Fidelity National Information Services, Inc.
CONTACT: Mary Waggoner, Senior Vice President, Investor Relations, 904-854-3282,
mary.waggoner@fnis.com
Michelle Kersch, Senior Vice President, Corporate Communications, 904-854-5043,
michelle.kersch@fnis.com

###

FIDELITY NATIONAL INFORMATION SERVICES, INC.
AND SUBSIDIARIES AND AFFILIATES
UNAUDITED CONSOLIDATED RESULTS FOR THE THREE AND SIX MONTHS ENDING JUNE 30, 2007 AND 2006
(In thousands)

	Three months ended June 30,						Six months ended June 30,
	2007			2006			2007			2006
Processing and services revenues	$	1,176,238		$	1,021,946		$	2,300,304		$	1,922,882
Cost of revenues		842,946			719,718			1,656,262			1,342,055
Selling, general, and administrative expenses		125,770			125,866			245,253			271,595
Research and development costs		23,588			23,646			50,697			51,706
Operating income		183,934			152,716			348,092			257,526
Other income (expense)
Interest income		578			1,533			1,267			3,424
Gain on sale of Covansys stock		92,044			—			92,044			—
Other income (expense)		812			866			1,480			(1,244	)
Interest expense		(42,991	)		(49,033	)		(115,106	)		(92,301	)
Total other income (expense)		50,443			(46,634	)		(20,315	)		(90,121	)
Earnings before income taxes, equity earnings and minority interest		234,377			106,082			327,777			167,405
Provision for income taxes		86,533			40,629			121,278			64,116
Equity in earnings of unconsolidated entities		736			259			1,672			2,092
Minority interest expense (income)		576			(317	)		664			(6	)
Net earnings	$	148,004		$	66,029		$	207,507		$	105,387
Net earnings per share-basic	$	0.77		$	0.34		$	1.08		$	0.58
Weighted average shares outstanding-basic		192,743			192,224			192,323			181,168
Net earnings per share-diluted	$	0.75		$	0.34		$	1.06		$	0.57
Weighted average shares outstanding-diluted		196,977			195,374			196,395			184,242

Appendix A- Historical Detail and Reconciliation of Non-GAAP Measures

EBITDA Detail

2007 Q2	FIS
Net Earnings	$	148,004
+ Interest Expense		42,991
+ Minority Interest		576
+ Income Taxes		86,533
+ Depreciation/Amort		113,891
- Interest Income		(578	)
- Equity in (Earnings) Losses of Unconsolidated Entities, net of tax		(736	)
- Other (Income) Expense		(812	)
- Covansys Gain		(92,044	)
EBITDA	$	297,825

EBITDA Detail

2006 Q2	FIS
Net Earnings	$	66,029
+ Interest Expense		49,033
+ Minority Interest		(317	)
+ Income Taxes		40,629
+ Depreciation/Amort		110,374
- Interest Income		(1,533	)
- Equity in (Earnings) Loss of Unconsolidated Entities, net of tax		(259	)
- Other (Income) Expense		(866	)
- Covansys Gain		—
EBITDA	$	263,090

EBITDA Margin

2007 Q2	FIS
EBITDA	$	297,825
Revenue	$	1,176,238
EBITDA Margin		25.3	%

EBITDA Margin

2006 Q2	FIS
EBITDA	$	263,090
Revenue	$	1,021,946
EBITDA Margin		25.7	%

EBIT Detail

2007 Q2	FIS
Net Earnings	$	148,004
+ Interest Expense		42,991
+ Minority Interest		576
+ Income Taxes		86,533
- Interest Income		(578	)
- Equity in (Earnings) Losses of Unconsolidated Entities, net of tax		(736	)
- Other (Income) Expense		(812	)
- Covansys Gain		(92,044	)
EBIT	$	183,934

EBIT Detail

2006 Q2	FIS
Net Earnings	$	66,029
+ Interest Expense		49,033
+ Minority Interest		(317	)
+ Income Taxes		40,629
- Interest Income		(1,533	)
- Equity in (Earnings) Loss of Unconsolidated Entities, net of tax		(259	)
- Other (Income) Expense		(866	)
- Covansys Gain		—
EBIT	$	152,716

EBIT Margin

2007 Q2	FIS
EBIT	$	183,934
Revenue	$	1,176,238
EBIT Margin		15.6	%

EBIT Margin

2006 Q2	FIS
EBIT	$	152,716
Revenue	$	1,021,946
EBIT Margin		14.9	%

Adjusted Diluted EPS

2007 Q2	FIS
Net Earnings	$	148,004
Adjusted diluted EPS	$	0.75
Diluted Shares Outstanding		196,977

Adjusted Diluted EPS

2006 Q2	FIS
Net Earnings	$	66,029
Adjusted EPS	$	0.34
Diluted Shares Outstanding		195,374

Cash Earnings

2007 Q2	FIS
Net Earnings	$	148,004
+ Tax Adjusted Purchase Price Amortization		23,901
Cash Earnings	$	171,905
Diluted Cash EPS	$	0.87
Diluted Shares Outstanding		196,977

Cash Earnings

2006 Q2	FIS
Net Earnings	$	66,029
+ Tax Adjusted Purchase Price Amortization		28,597
Cash Earnings	$	94,626
Diluted Cash EPS	$	0.48
Diluted Shares Outstanding		195,374

Free Cash Flow

2007 Q2	FIS
Net Earnings	$	148,004
+ Depreciation/Amort		113,891
- Capital Expenditures		(79,894	)
Free Cash Flow	$	182,001

Free Cash Flow

2006 Q2	FIS
Net Earnings	$	66,029
+ Depreciation/Amort		110,374
- Capital Expenditures		(80,156	)
Free Cash Flow	$	96,247

2007 Q2
Stock Compensation	$	8,752

2006 Q2
Stock Compensation	$	4,829

2007 Q2 Financial Measures Excluding Non Recurring Items

EBITDA	$	297,825
Merger and Acquisition, and Integration Costs		1,802
EBITDA, excluding non recurring items	$	299,627
Net Earnings	$	148,004
Merger and Acquisition, and Integration Costs, net of tax		1,385
Covansys Gain, net of tax		(57,988	)
Net Earnings, excluding non recurring items	$	91,401
Diluted Shares Outstanding		196,977
Net Earnings per diluted share	$	0.75
Merger and Acquisition, and Integration Costs per share		0.01
Covansys Gain, net of tax		(0.29	)
Net Earnings per diluted share, excluding non recurring items	$	0.46
Cash Earnings	$	171,905
Merger and Acquisition, and Integration Costs, net of tax		1,385
Covansys Gain, net of tax		(57,988	)
Cash Earnings, excluding non recurring items	$	115,302
Cash Earnings per diluted share	$	0.87
Merger and Acquisition, and Integration Costs per share		0.01
Covansys Gain, net of tax		(0.29	)
Cash Earnings per diluted share, excluding non recurring items	$	0.59
Free Cash Flow	$	182,001
Merger and Acquisition, and Integration Costs, net of tax		1,132
Covansys Gain, net of tax		(57,988	)
Free Cash Flow, excluding non recurring items	$	125,145

2006 Q2 Financial Measures Excluding Selected Items

EBITDA	$	263,090
Merger and Acquisition, and Integration Costs		6,978
EBITDA, excluding non recurring items	$	270,068
Net Earnings	$	66,029
Merger and Acquisition, and Integration Costs, net of tax		4,305
Net Earnings, excluding non recurring items	$	70,334
Diluted Shares Outstanding		195,374
Net Earnings per diluted share	$	0.34
Merger and Acquisition, and Integration Costs per share		0.03
Net Earnings per diluted share, excluding non recurring items	$	0.37
Cash Earnings	$	94,626
Merger and Acquisition, and Integration Costs, net of tax		4,305
Cash Earnings, excluding non recurring items	$	98,931
Cash Earnings per diluted share	$	0.48
Merger and Acquisition, and Integration Costs per share		0.03
Cash Earnings per diluted share, excluding non recurring items	$	0.51
Free Cash Flow	$	96,247
Merger and Acquisition, and Integration Costs, net of tax		4,305
Free Cash Flow, excluding non recurring items	$	100,552

NOTE: The Adjustments Column (2006 only) represents pro forma adjustments relating to the merger transaction between CEY and FIS to reflect as if the merger occurred January 1, 2006

EBITDA Detail

2007 Six Months	FIS
Net Earnings	$	207,507
+ Interest Expense		115,106
+ Minority Interest		664
+ Income Taxes		121,278
+ Depreciation/Amort		224,503
- Interest Income		(1,267	)
- Equity in (Earnings) Losses of Unconsolidated Entities, net of tax		(1,672	)
- Other (Income) Expense		(1,480	)
- Covansys Gain		(92,044	)
EBITDA	$	572,595

EBITDA Detail

2006 Six Months	FIS			CEY-Jan			ADJ			Pro Forma
Net Earnings	$	105,387		$	(42,523	)	$	(3,708	)	$	59,156
+ Interest Expense		92,301			1,081			—			93,382
+ Minority Interest		(6	)		—			—			(6	)
+ Income Taxes		64,116			(26,396	)		(2,626	)		35,094
+ Depreciation/Amort		207,169			4,274			6,856			218,299
- Interest Income		(3,424	)		—			—			(3,424	)
- Equity in (Earnings) Loss of Unconsolidated Entities, net of tax		(2,092	)		—						(2,092	)
- Other (Income) Expense		1,244			123						1,367
- Covansys Gain		—			—			—			—
EBITDA	$	464,695		$	(63,441	)	$	522		$	401,776

EBITDA Margin

2007 Six Months	FIS
EBITDA	$	572,595
Revenue	$	2,300,304
EBITDA Margin		24.9	%

EBITDA Margin

2006 Six Months	FIS			CEY-Jan			ADJ		Pro Forma
EBITDA	$	464,695		$	(63,441	)	$	522	$	401,776
Revenue	$	1,922,882		$	92,915		$	—	$	2,015,797
EBITDA Margin		24.2	%		-68.3	%				19.9	%

EBIT Detail

2007 Six Months	FIS
Net Earnings	$	207,507
+ Interest Expense		115,106
+ Minority Interest		664
+ Income Taxes		121,278
- Interest Income		(1,267	)
- Equity in (Earnings) Losses of Unconsolidated Entities, net of tax		(1,672	)
- Other (Income) Expense		(1,480	)
- Covansys Gain		(92,044	)
EBIT	$	348,092

EBIT Detail

2006 Six Months	FIS			CEY-Jan			ADJ			Pro Forma
Net Earnings	$	105,387		$	(42,523	)	$	(3,708	)	$	59,156
+ Interest Expense		92,301			1,081			—			93,382
+ Minority Interest		(6	)		—			—			(6	)
+ Income Taxes		64,116			(26,396	)		(2,626	)		35,094
- Interest Income		(3,424	)		—			—			(3,424	)
- Equity in (Earnings) Loss of Unconsolidated Entities, net of tax		(2,092	)		—			—			(2,092	)
- Other (Income) Expense		1,244			123			—			1,367
- Covansys Gain		—			—			—			—
EBIT	$	257,526		$	(67,715	)	$	(6,334	)	$	183,477

EBIT Margin

2007 Six Months	FIS
EBIT	$	348,092
Revenue	$	2,300,304
EBIT Margin		15.1	%

EBIT Margin

2006 Six Months	FIS			CEY-Jan			ADJ			Pro Forma
EBIT	$	257,526		$	(67,715	)	$	(6,334	)	$	183,477
Revenue	$	1,922,882		$	92,915		$	—		$	2,015,797
EBIT Margin		13.4	%		-72.9	%					9.1	%

Adjusted Diluted EPS

2007 Six Months	FIS
Net Earnings	$	207,507
Adjusted diluted EPS	$	1.06
Diluted Shares Outstanding		196,395

Adjusted Diluted EPS

2006 Six Months	FIS		CEY-Jan			ADJ			Pro Forma
Net Earnings	$	105,387	$	(42,523	)	$	(3,708	)	$	59,156
Adjusted EPS	$	0.57							$	0.30
Diluted Shares Outstanding		184,242								195,244

Cash Earnings

2007 Six Months	FIS
Net Earnings	$	207,507
+ Tax Adjusted Purchase Price Amortization		49,513
Cash Earnings	$	257,020
Diluted Cash EPS	$	1.31
Diluted Shares Outstanding		196,395

Cash Earnings

2006 Six Months	FIS		CEY-Jan			ADJ			Pro Forma
Net Earnings	$	105,387	$	(42,523	)	$	(3,708	)	$	59,156
+ Tax Adjusted Purchase Price Amortization		53,117		233			3,524			56,874
Cash Earnings	$	158,504	$	(42,290	)	$	(184	)	$	116,030
Diluted Cash EPS	$	0.86							$	0.59
Diluted Shares Outstanding		184,242								195,244

Free Cash Flow

2007 Six Months	FIS
Net Earnings	$	207,507
+ Depreciation/Amort		224,503
- Capital Expenditures		(154,010	)
Free Cash Flow	$	278,000

Free Cash Flow

2006 Six Months	FIS			CEY-Jan			ADJ			Pro Forma
Net Earnings	$	105,387		$	(42,523	)	$	(3,708	)	$	59,156
+ Depreciation/Amort		207,169			4,274			6,856			218,299
- Capital Expenditures		(149,420	)		(5,200	)		—			(154,620	)
Free Cash Flow	$	163,136		$	(43,449	)	$	3,148		$	122,835

2007 Six Months
Stock Compensation	$	17,241

2006 Six Months
Stock Compensation	$	32,787	$	552	$	(552	)	$	32,787

2007 Six Months Financial Measures Excluding Non Recurring Items

EBITDA	$	572,595
Merger and Acquisition, and Integration Costs		6,080
EBITDA, excluding non recurring items	$	578,675
Net Earnings	$	207,507
Merger and Acquisition, and Integration Costs, net of tax		4,501
Debt Restructure Charge, net of tax		17,059
Covansys Gain, net of tax		(57,988	)
Net Earnings, excluding non recurring items	$	171,079
Diluted Shares Outstanding		196,395
Net Earnings per diluted share	$	1.06
Merger and Acquisition, and Integration Costs per share		0.02
Debt Restructure Charge per share		0.09
Covansys Gain, net of tax		(0.30	)
Net Earnings per diluted share, excluding non recurring items	$	0.87
Cash Earnings	$	257,020
Merger and Acquisition, and Integration Costs, net of tax		4,501
Debt Restructure Charge, net of tax		17,059
Covansys Gain, net of tax		(57,988	)
Cash Earnings, excluding non recurring items	$	220,592
Cash Earnings per diluted share	$	1.31
Merger and Acquisition, and Integration Costs per share		0.02
Debt Restructure Charge per share		0.09
Covansys Gain, net of tax		(0.30	)
Cash Earnings per diluted share, excluding non recurring items	$	1.12
Free Cash Flow	$	278,000
Merger and Acquisition, and Integration Costs, net of tax		3,564
Debt Restructure Charge, net of tax		17,059
Covansys Gain, net of tax		(57,988	)
Free Cash Flow, excluding non recurring items	$	240,635

2006 Six Months Pro Forma Measures Excluding Selected Items

Pro Forma EBITDA	$	401,776
Merger and Acquisition, and Integration Costs		88,729
Performance Based Stock Option Costs		24,130
Pro Forma EBITDA, excluding non recurring items	$	514,635
Pro Forma Net Earnings	$	59,156
Merger and Acquisition, and Integration Costs, net of tax		54,914
Performance Based Stock Option Costs, net of tax		14,888
Pro Forma Net Earnings, excluding non recurring items	$	128,958
Diluted Shares Outstanding		184,242
Adjustment as if transaction took place 1/1/2005		11,002
Pro Forma Diluted Shares Outstanding		195,244
Pro Forma Net Earnings per diluted share	$	0.30
Merger and Acquisition, and Integration Costs per share		0.28
Performance Based Stock Option Costs per share		0.08
Pro Forma Net Earnings per diluted share, excluding non recurring items	$	0.66
Cash Earnings	$	116,030
Merger and Acquisition, and Integration Costs, net of tax		54,914
Performance Based Stock Option Costs, net of tax		14,888
Cash Earnings, excluding non recurring items	$	185,832
Cash Earnings per diluted share	$	0.59
Merger and Acquisition, and Integration Costs per share		0.28
Performance Based Stock Option Costs per share		0.08
Cash Earnings per diluted share, excluding non recurring items	$	0.95
Free Cash Flow	$	122,835
Merger and Acquisition, and Integration Costs, net of tax		54,914
Performance Based Stock Option Costs, net of tax		14,888
Free Cash Flow, excluding non recurring items	$	192,637

Appendix B
Unaudited Pro Forma Combined Statement of Continuing Operations
for the Six Months Ended June 30, 2006
(In thousands Except Per Share Data)

																Tax Adjusted
							Pro Forma									Purchase Price		Cash
	Certegy-Jan			FIS			Adjustments			Note			Pro Forma			Amortization		Earnings
Total revenue	$	92,915		$	1,922,882								$	2,015,797
Total cost of revenue		73,218			1,342,055			6,856			(1	)		1,422,129
Gross profit (loss)		19,697			580,827			(6,856	)					593,668
General and administrative		7,645			271,595			(522	)		(2	)		278,718
Research and development costs		—			51,706									51,706
Merger and Acquisition costs		79,767			—									79,767
Income (loss) from operations		(67,715	)		257,526			(6,334	)					183,477
Interest income (expense) and other		(1,204	)		(90,121	)		—						(91,325	)
Income from continuing operations before tax and min. int		(68,919	)		167,405			(6,334	)					92,152
Provision for income tax		(26,396	)		64,116			(2,626	)		(3	)		35,094
Income from continuing operations		(42,523	)		103,289			(3,708	)					57,058
Equity in earnings (loss) of unconsolidated entities, net		—			2,092			—						2,092
Minority interests in earnings, net of tax		—			6			—						6
Net income	$	(42,523	)	$	105,387		$	(3,708	)				$	59,156		$	56,874	$	116,030
Net income per share-basic	$	(0.68	)	$	0.58								$	0.31				$	0.60
Pro forma Weighted average shares-basic		62,326			181,168									192,017					192,017
Net income per share-diluted	$	(0.67	)	$	0.57								$	0.30				$	0.59
Pro forma Weighted average shares-diluted		63,796			184,242									195,244					195,244
Pro Forma Net Earnings													$	59,156
Merger and Acquisition Costs, net of tax														54,914
Performance Based Stock Option Costs, net of tax														14,888
Pro Forma Net Earnings, excluding selected items													$	128,958

Appendix B
Notes to Unaudited Pro Forma Combined Statements of Continuing Operations
for the six months ended June 30, 2006

These combined statements of continuing operations include the historical statements of continuing operations of Certegy and FIS as though the merger had occurred on January 1, 2006, adjusted for items related to the transaction as described below:

(1) Reflects the increase in amortization expense as a result of allocating an assumed portion of the merger consideration to intangible assets of Certegy, namely customer relationship intangibles and acquired software, and amortizing such intangibles over their estimated useful lives as of the assumed acquisition date, offset by the amortization expense for such intangibles actually recorded by Certegy during the respective periods. Customer relationships are being amortized over 10 years on an accelerated method. Acquired computer software is being amortized over its estimated useful life of up to 10 years on an accelerated method. The acquired trademarks are considered to have indefinite useful lives and, therefore, are not reflected in these adjustments.

(2) Under the merger agreement, all Certegy stock options and restricted stock and restricted stock units vested upon the closing of the merger. Accordingly, this adjustment reflects the elimination of historical stock compensation expense relating to the vesting of Certegy options in January 2006 (prior to merger), because such expense was reflected at the time of closing of the merger offset by option costs relating to options granted by FIS to certain employees of Certegy who remained with the merged entity.

(3) Reflects the tax benefit relating to the pro forma adjustments for the six months ended June 30, 2006.

Appendix C

Unaudited Pro Forma and Historical Segment Information

For the Three and Six Months Ended June 30, 2007 and 2006

(In thousands Except Per Share Data)

2007 — Quarter 2

			Historical
	Transaction		Lender		Corporate
	Processing Services		Processing Services		and Other			Total
Processing and services revenue		709,724		462,493		4,021			1,176,238
Cost of revenues		550,691		292,255		—			842,946
Gross profit		159,033		170,238		4,021			333,292
Selling, general and admin costs		45,989		48,110		31,671			125,770
Research development costs		14,905		8,683		—			23,588
Operating income		98,139		113,445		(27,650	)		183,934
Depreciation and amortization		73,397		33,796		6,698			113,891
EBITDA		171,536		147,241		(20,952	)		297,825
EBITDA		171,536		147,241		(20,952	)		297,825
Merger and Acquisition, and Integration costs		—		1,802		—			1,802
EBITDA, excluding non-recurring items		171,536		149,043		(20,952	)		299,627

2007- Year to Date

			Historical
	Transaction		Lender		Corporate
	Processing Services		Processing Services		and Other			Total
Processing and services revenue		1,390,269		902,882		7,153			2,300,304
Cost of revenues		1,080,742		575,520		—			1,656,262
Gross profit		309,527		327,362		7,153			644,042
Selling, general and admin costs		89,028		95,066		61,159			245,253
Research development costs		32,423		18,274		—			50,697
Operating income		188,076		214,022		(54,006	)		348,092
Depreciation and amortization		144,165		67,552		12,786			224,503
EBITDA		332,241		281,574		(41,220	)		572,595
EBITDA		332,241		281,574		(41,220	)		572,595
Merger and Acquisition, and Integration costs		—		6,080		—			6,080
EBITDA, excluding selected items		332,241		287,654		(41,220	)		578,675

2006- Quarter 2

			Historical
	Transaction		Lender		Corporate
	Processing Services		Processing Services		and Other			Total
Processing and services revenue		612,076		408,081		1,789			1,021,946
Cost of revenues		474,648		245,070		—			719,718
Gross profit		137,428		163,011		1,789			302,228
Selling, general and admin costs		51,089		50,173		24,604			125,866
Research development costs		15,268		8,378		—			23,646
Operating income		71,071		104,460		(22,815	)		152,716
Depreciation and amortization		72,906		35,104		2,364			110,374
EBITDA		143,977		139,564		(20,451	)		263,090
EBITDA		143,977		139,564		(20,451	)		263,090
Merger and Acquisition costs		3,530		1,842		1,606			6,978
Acceleration of performance-based shares		—		—		—			—
EBITDA, excluding selected items		147,507		141,406		(18,845	)		270,068

2006- Year to Date

			Historical
	Transaction		Lender		Corporate
	Processing Services		Processing Services		and Other			Total
Processing and services revenue		1,113,624		808,581		677			1,922,882
Cost of revenues		862,464		479,591		—			1,342,055
Gross profit		251,160		328,990		677			580,827
Selling, general and admin costs		90,605		109,236		71,754			271,595
Research development costs		34,345		17,361		—			51,706
Operating income		126,210		202,393		(71,077	)		257,526
Depreciation and amortization		132,500		71,224		3,445			207,169
EBITDA		258,710		273,617		(67,632	)		464,695
EBITDA		258,710		273,617		(67,632	)		464,695
Merger and Acquisition costs		4,283		2,012		82,434			88,729
Acceleration of performance-based shares		—		—		24,130			24,130
EBITDA, excluding selected items		262,993		275,629		38,932			577,554

			Pro Forma
	Transaction		Lender		Corporate
	Processing Services		Processing Services		and Other			Total
Processing and services revenue		1,204,587		808,581		2,629			2,015,797
Cost of revenues		942,538		479,591		—			1,422,129
Gross profit		262,049		328,990		2,629			593,668
Selling, general and admin costs		95,015		109,236		154,234			358,485
Research development costs		34,345		17,361		—			51,706
Operating income		132,689		202,393		(151,605	)		183,477
Depreciation and amortization		143,540		71,224		3,535			218,299
EBITDA		276,229		273,617		(148,070	)		401,776
ProForma EBITDA		276,229		273,617		(148,070	)		401,776
Merger and Acquisition costs		4,283		2,012		82,434			88,729
Acceleration of performance-based shares		—		—		24,130			24,130
ProForma EBITDA, excluding selected items		280,512		275,629		(41,506	)		514,635