Net 1 UEPS Technologies (NASDAQ: UEPS) reported Q4 EPS of $0.58, $0.11 better than the analyst estimate of $0.47. Revenue for the quarter came in at $164.3 million versus the consensus estimate of $151.3 million.

Net 1 UEPS Technologies sees FY2016 EPS of $2.57, versus the consensus of $2.18.

Comments and Outlook

"I am thrilled with our 2015 performance as we were able to execute on our strategy extremely well. The continued local and international interest we receive as a result of our proven ability to implement state of the art, functional and robust solutions that allow for the financial inclusion of all citizens, as well as our card and mobile centric solutions that can be provided individually or in unison, provides us with a bespoke end-to-end financial technology solution relevant to both developed and developing world economies," said Dr. Belamant, Chairman and CEO. "Our ZAZOO initiative is gaining momentum as demonstrated by its financial performance, and its latest agreements with companies such as Uber, Microsoft, and BitX and our investment in T24. ZAZOO's pipeline has numerous other deals and it is well positioned to grow exponentially over a short period of time. We also believe that our entry into Nigeria via our investment in One Credit provides us the opportunity to deploy our entire solution in this vast, under-penetrated and profitable economy," he concluded.

"Our financial and operating performance, including the increased investment in our newer growth and international initiatives, continues to track the strategic developments in our business," said Herman Kotzé, Chief Financial Officer of Net1. "We expect to sustain the momentum in our business and continue our product, client and geographic diversification, and for fiscal 2016 anticipate our fundamental earnings per share to be at least $2.57, assuming an updated constant currency base of ZAR11.43/$1 and a share count of 46.7 million shares," he concluded.

For earnings history and earnings-related data on Net 1 UEPS Technologies (UEPS) click here.