TORONTO - International Verifact Inc., the Canadian producer of point of sale terminals, reported a 47% increase in first-quarter revenues, to $11.4 million, while earnings fell by 12.6%, to $587,000.

The results incorporated Soricon Corp., a Boulder, Colo., company acquired last Dec. 30. First-quarter 1994 figures were restated to reflect an accounting change in hardware development costs.

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