Payment-terminal maker VeriFone Systems Inc. on Aug. 24 reported net income of $18.5 million for the fiscal third quarter ended July 31, up 11.5% from $16.6 million during the same period last year. Net revenues totaled $265.5 million, up 25.7% from $211.3 million and a company record, Douglas G. Bergeron, VeriFone CEO, noted in a news release.
The petroleum, multilane retail and payment-enabled media sectors drove the quarter’s revenue growth in North America, while Latin America drove the company’s international growth, VeriFone says.
Regionally, revenues totaled $123.2 million in the U.S. and Canada, up 38.6% from $88.9 million; $62.1 million in Europe, down 7.6% from $67.2 million; $52.8 million in Latin America, up 72.5% from $30.6 million; and $23.3 million in Asia, down 5.3% from $24.6 million.
