VeriFone Systems Inc. on June 2 reported a 24.8% rise in second quarter net income, to $25.2 million from $20.2 million the same period a year earlier. Net revenue rose 21.5%, to $292.4 million in the quarter ended April 30 from $$240.7 million.
The quarter represented the sixth consecutive in which VeriFone’s revenue has risen above its earlier records, the company said in its earnings release.
“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 chief executive, said in the release.
The San Jose, Calif.-based terminal maker talked up its involvement with Google Inc.’s mobile wallet, which was announced last week (
VeriFone predicted its revenue could increase by up to $150 million per year in the U.S. if the Google Wallet system leads to wider adoption of mobile payments.
