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30 APR 2018

First Data Reports First Quarter 2018 Financial Results and Raises Financial Guidance for Full Year

First Data Corporation (NYSE: FDC), a global leader in commerce-enabling technology, today reported financial results for the first quarter ended March 31, 2018. Total segment revenue was $2,080 million for the quarter, up 11% versus the prior year period on a reported basis(a), up 10% on a comparable accounting basis(b), or up 5% on an organic constant currency basis(c). Consolidated revenue for the first quarter was $2,282 million, impacted by the adoption of ASC 606.