Fidelity National Information Services, Inc. (NYSE:FIS) Q4 2023 Earnings Call Transcript

Again, from the beginning, the first half of ’23 to the back half of ’23, saw some pretty significant increases in productivity. In terms of overall number of salespeople, I think that, in general, we would say they’re same number, but I think we are seeing better output because of productivity and then as well as a result of higher margin. So, that’s what giving us some confidence as we think about the back half of ’24 and ’25 as those sales start to come in and get delivered into the P&L.

Ashwin Shirvaikar: Got it. And then, James, just more granularity on cadence by segment, you provided obviously on the Cap Market side, but on both Banking and how we should model out the equity line with regards to just sort of quarter-over-quarter as we think of the four quarters, that would be helpful from a modeling perspective.

James Kehoe: Yeah. As I said, the revenue on Capital Markets will be pretty consistent each of the quarters. And Banking is on an upward trend as the sales pick up in the second half, based on second half ’23 performance. As you look at the NCI contribution, bear in mind that the first quarter is the lowest quarter and it’s only got two months in there. And we actually called out that one month in the first quarter is equivalent to $0.06. So, you could kind of work out the first quarter. I think, in terms of the build go-forward, I think the only guidance I could give you is maybe to treat the other quarters pretty equally. I’m not really now prepared. We don’t want to give guidance beyond the first quarter.

Operator: Thank you. Thank you all for participating. This concludes today’s program. You may now disconnect.