VeriFone Q1 Revenues Up 38% to $312M

By  |  March 5, 2012
 | 

VeriFone’s first quarter revenues grew 38%, to more than $312 million, according to the company’s official earnings release.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    By generally accepted accounting principles (GAAP), the company posted a quarterly net loss slightly larger than $3 million to start its 2012 fiscal year. But acquisition and restructuring costs ($46.9 million), stock-based compensation ($10.7 million) and two amortization figures ($27.7 million combined) weighed that number down. Indeed, the company posted a $21.9 million operating profit to start its year.

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    The Wall Street Journal categorized those acquisition expenses in particular as having “masked a stronger-than-expected core profit.”

    The full description of VeriFone’s most recent financial performance is available at PYMNTS.com.


    See More In: