Leading global position in the banking software and payment processing solutions market; Substantial scale and revenue diversity; High degree of recurring revenues benefitting from a growing demand for digital banking solutions; Significant exposure to the financial services sector. Margin expansion opportunities from operating leverage and cost management; Healthy annual free cash flow of at least $1.4 billion; Strong liquidity including access to a sizable revolving credit facility; Expectation of higher buybacks and modestly lower leverage over the next two years. S&P Global Ratings' outlook on Jacksonville, Fla.-based banking and payments technology and outsourcing solutions provider Fidelity National Information Services Inc. (FIS) is stable. The stable outlook reflects the company's large scale, diversified and recurring revenue model, and strong cash-generating ability.
