Fiserv Announces $500 Million Q4 Share Buyback and Increases Project Elevate Savings Target to $1 Billion
Fiserv (FISV) has announced plans for a $500 million share buyback program in the fourth quarter. This move comes as the company raises its savings target for 'Project Elevate' to $1 billion, signaling improved operational efficiency and strong cash flow management. During the Q3 earnings call, CEO Takis Georgakopoulos noted that the company has moved past the revenue trough experienced in Q2. While organic revenue remained flat year-over-year in Q3, management expressed confidence that both merchant services and the broader company are on a trajectory to return to growth.
Topics: earnings call organic revenue revenue growth
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