VeriFone reported that its profits rose 70% to $15.0 million for the three months ending April 30th. Revenues for the quarter were up 21% to $142.2 million compared to one-year ago, driven by a 38% increase in net revenues from its International business. During the quarter the Company announced its upcoming acquisition of Lipman, valued at $793 million. VeriFone also announced U.S. availability of the “Vx 570” countertop payment solution and inked a $7 million contract from RBS Lynk to provide payment solution systems and connectivity services for resale to U.S. merchants. For complete details on VeriFone’s latest performance, visit CardData ([www.carddata.com][1])
REVENUE HISTORICAL
1Q/04: $ 89.5 million
2Q/04: $104.0 million
3Q/04: $108.6 million
4Q/04: $111.3 million
1Q/05: $117.9 million
2Q/05: $125.7 million
3Q/05: $130.5 million
4Q/05: $134.6 million
1Q/06: $142.2 million
Source: CardData (www.carddata.com)
[1]: http://www.carddata.com
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