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Net 1 UEPS Technologies (UEPS) Tops Q1 EPS by 8c

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Net 1 UEPS Technologies, Inc. Reports First Quarter 2017 Results

November 3, 2016 4:07 PM EDT

JOHANNESBURG, SOUTH AFRICA -- (Marketwired) -- 11/03/16 -- November 3, 2016 - Net 1 UEPS Technologies, Inc. (NASDAQ: UEPS) (JSE: NT1) today released results for Q1 2017.

Q1 2017 Revenue of $155.6 million, an increase of 10% in constant currency;Q1 2017 FEPS of $0.48, which includes a 15% adverse impact related to higher share count.

Summary Financial Metrics

Three months ended September 30, ----------------------------------- % change % change 2016 2015 in USD in ZAR -------- -------- -------- -------- (All figures in USD '000s except per share data) Revenue 155,633 154,473 1% 10% GAAP net income 24,632 23,020 7% 16% Fundamental net income (1) 25,753 26,458 (3%) 4% GAAP earnings per share ($) 0.46 0.49 (7%) 1% Fundamental earnings per share ($) (1) 0.48 0.56 (14%) (9%) Fully-diluted shares outstanding ('000's)... More