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Fidelity National Information Services, Inc. Q1 2008 Earnings Call Transcript

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2008-04-24 18:07:09.0

Tags: Fidelity National Information Services Inc.

Question-and-Answer Session

All right, thank you. [Operator Instructions]. And first we will go to the line of Bryan Keane with Credit Suisse. Please go ahead.

Bryan Keane - Credit Suisse

Yeah, hi. I guess I'm just curious about the consumer spending in the payments business that slowed. I guess what exactly you guys referring to there?

Unidentified Company Representative

We're talking about average usage on the card side of our business or the number of times that a consumer uses their credit card that was slightly off from recent trends. So that affected it somewhat. And also on the payment side of the business, number of items processed through our payment and check processing shops tailed off somewhat also during the quarter.

Bryan Keane - Credit Suisse

Okay, no change in bill payment volumes?

Unidentified Company Representative

Yeah, bill payment was pretty strong. bill payment historically doesn't vary that much and we haven't seen a lot of variation in that business. Its growing very rapidly but on a per account basis, per consumer usage basis, not a lot a variation.

Bryan Keane - Credit Suisse

Okay. And when you guys talk about the South Point License sales and professional service revenues being part of the reason for the little bit light on the revenue. Do you want [ph] to quantify how big that is on both the software and the professional services side?

Unidentified Company Representative

It involved a small number of institutions where we had planned to bring in contracts store in the quarter. They were well advanced contracts. They've been not eliminated, they just been pushed back. But I think you should look at it in terms of a few handful of institutions that tell them to that category. On the software side really split between our core EBS business and also our Commercial Lending Business where typically we pick up contracts on the lending side that are software based.

Bryan Keane - Credit Suisse

And did the decisions remain delayed or did they start to close in April?

Unidentified Company Representative

Some of them are gaining momentum, but I think it's too early to tell. I think at this point in time we are cautious. We wanted to make sure that we wait until we understood exactly what the trend was and what it was going to hold. So there is a little bit of uptick but not enough to make us feel comfortable that the concern is going away.

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