REDWOOD CITY, Calif. -- Verifone Inc.'s revenues rose 18%, or $10 million, in the first quarter, to $64.7 million. Net income was up less than 1%, to $4.2 million.

The point-of-sale systems company, which said it was on target with a 1994 growth plan, saw operating costs rise by 19%, or $9.3 million.

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