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.
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VeriFone’s revenue has risen during six consecutive quarters, the company said in its earnings 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.
