Fidelity National Information Services, Inc. (NYSE:FIS) Q2 2020 Earnings Conference Call - Final Transcript

Aug 04, 2020 • 08:30 am ET


Fidelity National Information Services, Inc. (NYSE:FIS) Q2 2020 Earnings Conference Call - Final Transcript


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James "Woody" Woodall

technology and innovation even as others are retrenching due to the pandemic. While the second quarter was clearly challenging for all of us, I couldn't be prouder of how our team responded. The strength of our financial results demonstrates the unique durability and resiliency of our business model, increasing my confidence in the future of FIS.

I'd now like to turn the call back to Gary for some closing remarks before we open the line up for questions. Gary?

Gary Norcross

Thanks, Woody. I want to conclude our prepared remarks with Slide 18 by stating our continued commitment to growth and innovation is unwavering. We're focused on continuing to keep our colleagues safe, while simultaneously pushing forward to become the FinTech employer of choice. We truly cannot be successful if we don't maximize our talent.

Inclusion and diversity is very important to me, both personally and professionally, as well as it is to all of us here at FIS. Recent social unrest in the U.S. underscores the prevalence of systemic racism in our country and around the world. To that end, we recognize our responsibility to strive for sustained social change, both domestically and globally. We are setting significant goals for our company, including to double the representation of black and Latin mix leaders [Phonetic] at FIS. We are also rolling out further programs to help our colleagues with the increasing problem related to student loan debt for incoming U.S. college program participants.

For our clients, we will continue to deliver innovative solutions and support you during these difficult times. We will leverage our scale and global reach to provide best-in-class service and quality.

For our communities, we are continuing to work on integrating environmental, social and governance factors into every aspect of our business. We recently launched our first ever Global Sustainability Report, which I encourage you to download from our website. As we maintain our commitment to ESG, described in our report, I am proud of how we are operating our company with integrity and the highest ethics, promoting diversity and inclusion and preserving our natural resources.

Further, we will continue to contribute to our communities by donating both dollars and volunteer hours to organizations that support financial literacy and inclusion. We will invest $30 million in minority-owned FinTech startups and double our supplier spend with minority-owned businesses by 2023. Creating an environment that enables our colleagues, clients and communities to thrive demonstrates how we are leveraging our technology and innovation at scale to reinforce FIS global leadership position and drive above-market growth.

This concludes our prepared remarks. Operator, please open the line for questions.