MILWAUKEE - Fiserv (NYSE:FI), Inc. (NYSE: FISV), a prominent provider of financial services technology, announced today the appointment of Ajei Gopal to its board of directors. Gopal is currently the president and CEO of ANSYS, Inc., a company specializing in engineering simulation solutions, where he has been credited with driving significant growth and revenue since assuming leadership in 2017.
Gopal's extensive background includes key roles at several technology firms. Prior to ANSYS, Inc., he was an operating partner at private equity firm Silver Lake Partners, held a senior vice president and general manager position at Hewlett Packard Software, and was an executive vice president at CA Technologies. His experience also includes serving as executive vice president and chief technology officer at Symantec (NASDAQ:GEN) and founding and leading ReefEdge Networks as CEO.
Frank Bisignano, Chairman of the Board of Directors of Fiserv, expressed his confidence in Gopal's appointment, citing the value of his experience in business growth, operational efficiency, and product innovation. This addition to the board is seen as a strategic move as Fiserv continues to pursue its growth objectives.
The information for this article is based on a press release statement.
InvestingPro Insights
As Fiserv, Inc. (NYSE: FISV) welcomes Ajei Gopal to its board of directors, the company's financial metrics offer insights into its current market position. With a robust market capitalization of 88.94 billion USD, Fiserv shows stability in the financial services technology sector. The company's P/E ratio stands at 30.07, reflecting investor expectations of future earnings growth, which aligns with the strategic addition of a seasoned executive like Gopal to help steer the company towards its growth objectives.
The company's revenue growth over the last twelve months as of Q4 2023 has been 7.65%, demonstrating a steady increase in its financial performance. This is further supported by a gross profit margin of 59.83%, indicating strong profitability in its operations. With an upcoming earnings date on April 23, 2024, investors will be keen to see how the company's strategies, including board enhancements, translate into financial results.
InvestingPro Tips suggest that Fiserv is a company that generally trades with low price volatility and is trading near its 52-week high, which could be a sign of market confidence in the company's performance and direction. Furthermore, analysts predict the company will be profitable this year, a sentiment backed by the company's performance over the last twelve months. For investors seeking additional insights and tips, InvestingPro offers more in-depth analysis. By using the coupon code PRONEWS24, readers can get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, which includes a total of 16 additional InvestingPro Tips.
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