VeriFone Holdings, Inc. (PAY) Message Board

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Technology Stocks : VeriFone Holdings, Inc. (PAY)

PAY 28.61

0.0%

Nov 3 9:30 AM EST

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From: JakeStraw	6/6/2014 6:24:56 AM
	1 Recommendation Recommended By Sr K of 186

VeriFone Reports Results for the Second Quarter of Fiscal 2014 finance.yahoo.com Revenues and Earnings per Share Exceed Guidance “I’m very pleased with our second quarter financial results, which exceeded our guidance, and the continued progress in our operational initiatives,” said Paul Galant, Chief Executive Officer of VeriFone. “We continue to work to drive the next evolution of commerce for our clients by becoming their most trusted partner for terminals, Payment-as-a-Service and commerce enablement solutions. And, we are working with our clients to protect their brands and reputations from the growing threat of data breaches.” Additional Financial and Business Highlights Upgraded 15 top U.S. retailers to MX 900 EMV-capable platform; added 17 new end-to-end encryption clients Launched the portable VX 690, the first of several new EMV-capable devices with a new consumer design methodology Continued to strengthen partnership and business with Spain’s largest processor Service businesses achieved non-GAAP net revenues of $176 million Expanded Payment-as-a-Service offering to Turkey and signed agreement with the top regional airline Grew LiftRetail in-store marketing network to 1,600 convenience store countertops Increased at-the-pump marketing network to nearly 4,800 gas pumps across the U.S. Extended digital taxi tops to the Las Vegas market and launched pilot program in London Transformation Initiatives In April and June of 2014, VeriFone approved restructuring plans in order to support its transformation initiatives. In connection with these restructuring plans, the company will reduce headcount by approximately 500 by calendar year end 2014. VeriFone expects to reinvest a substantial portion of the savings from these actions to improve its operational infrastructure and invest in its strategic growth initiatives.

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