VeriFone Systems (PAY) Tops Q1 EPS by 2c, FY Guidance Tops Views

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Verifone Reports Results for the First Quarter of Fiscal 2016

March 10, 2016 4:02 PM EST

Revenues and Earnings per Share Exceed Guidance

SAN JOSE, Calif.--(BUSINESS WIRE)-- Verifone (NYSE: PAY), a world leader in payments and commerce solutions, today announced financial results for the three months ended January 31, 2016.

The Verifone team outperformed in Q1. We exceeded our guidance for revenue and earnings per share, and continue to deliver consistent organic growth, said Paul Galant, Chief Executive Officer of Verifone. The worldwide market for electronic payments is growing. At the same time, we are investing in innovation and executing on delivering our next generation devices and services.... More