VeriFone Systems Inc. said Thursday that its net income rose 24.6%, to $25.2 million, in its fiscal second quarter from the same period a year earlier.
Its net revenue rose 21.5%, to $292.4 million, in the quarter that ended April 30. VeriFone said that this is the sixth consecutive quarter in which its revenue has risen above its earlier records.
"We have become the critical enablers of payment security, payment-enabled media and smartphone-enabled payment at the point of sale, and together with our industry partners we are reshaping the future of payments," Douglas G. Bergeron, VeriFone's chief executive, said in a press release.
The San Jose, Calif., terminal maker talked up its involvement with Google Inc.'s mobile wallet, which was announced last week. VeriFone predicted that its revenue could increase by up to $150 million a year in the U.S. if the Google Wallet system leads to wider adoption of mobile payments.
