VeriFone posts Q1 profit

Source: VeriFone

VeriFone Systems, Inc. (PAY), the global leader in secure electronic payment solutions, today announced financial results for the three months ended January 31, 2013 ("Q1 FY13").

Non-GAAP net revenues for Q1 FY13 were $430 million, compared to $425 million a year ago, a 1% increase. GAAP net revenues were $429 million, compared to $420 million a year ago, a 2% increase. Non-GAAP net income per diluted share was $0.51, compared to $0.58 a year ago, a 12% decrease. GAAP net income per diluted share was $0.11, compared to a loss of $0.03 a year ago. 

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