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Fiserv Reports Higher 1st Quarter Net Income

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NU Online News Service, April 23, 2003, 12:16 p.m. EDT – Fiserv Inc., Brookfield, Wis., is reporting $74 million in net income for the first quarter on $707 million in revenue, up from $65 million in net income on $633 million in revenue for the first quarter of 2002.

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Fiserv, which is best known for selling support services to banks, has been trying sell more services to insurers. It recently announced plans to acquire ReliaQuote Inc., Falls Church, Va., a Web-based life insurance broker, and Wausau Benefits Inc., Wausau, Wis., a large benefits administration company.