QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
(Amounts in thousands, except per share data)
Quarters
1994 First Second Third Fourth Total
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REVENUES $135,896 $135,793 $139,431 $152,470 $563,590
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COST OF REVENUES 119,970 118,676 121,845 133,892 494,383
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OPERATING INCOME 15,926 17,117 17,586 18,578 69,207
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INCOME BEFORE INCOME TAXES 14,480 15,615 15,903 16,776 62,774
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INCOME TAXES 5,792 6,246 6,361 6,711 25,110
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NET INCOME $8,688 $9,369 $9,542 $10,065 $37,664
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NET INCOME PER SHARE $0.22 $0.24 $0.24 $0.25 $0.95
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1993
Revenues $99,723 $111,180 $116,439 $127,350 $454,692
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Cost of revenues 88,232 97,848 102,364 112,506 400,950
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Operating income 11,491 13,332 14,075 14,844 53,742
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Income before income taxes 10,624 12,356 13,230 13,816 50,026
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Income taxes 3,834 4,695 5,292 5,512 19,333
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Net income $6,790 $7,661 $7,938 $8,304 $30,693
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Net income per share $0.19 $0.20 $0.20 $0.21 $0.80
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MARKET PRICE INFORMATION
The following information relates to the closing price of the Company's $.01 par
value common stock, which is traded on the over-the-counter market and is quoted
on the NASDAQ National Market System under the symbol FISV.
1994 1993
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Quarter Ended HIGH LOW High Low
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March 31 23 1/2 18 1/2 21 3/8 17 5/8
June 30 22 1/4 20 20 1/8 17 3/8
September 30 22 3/4 18 3/4 21 3/4 19
December 31 23 1/2 19 1/4 23 3/4 19 1/4
At December 31, 1994, the Company's common stock was held by approximately
12,000 shareholders of record or through nominee or street name accounts with
brokers. The closing sale price for the Company's stock on January 27, 1995 was
$21.75 per share.
The Company's present policy is to retain earnings to support future business
opportunities, rather than to pay dividends.