Fiserv expects full-year sales from existing business to fall 1% or stay flat, with adjusted operating margins of 31% to 31.5%. More than $1 billion in free cash flow and Clover growth help, but the company-wide forecast and slower project execution point to pressure overall.
This points to pressure across Fiserv, not just one product. More than $1 billion in free cash flow and growth at Clover are positives. But they do not outweigh the weak full-year sales forecast and slower progress on growth projects.
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