$PAY (VeriFone Systems, Inc.)

$PAY {{ '2016-09-01T21:10:18+0000' | timeago}} • Webcast

$PAY has entered into an agreement with Visa to help further the adoption of EMV. $PAY will apply resources and ramp up development to modify systems applications to advance the deployment of Quick Chip. This agreement will also help $PAY to deploy resources to help clients navigate the certification and deployment process.

$PAY {{ '2017-06-22T15:25:58+0000' | timeago}} • Announcement

$PAY launched its newest portable and mobile point-of-sale (mPOS) products that harness the power of the fully-integrated, Linux-based Verifone Engage platform in the palm of the hand. Both devices are commerce-enabled and certified with the highest level of global security, PCI 5.0.

$PAY {{ '2017-06-08T22:02:46+0000' | timeago}} • Webcast

$PAY believes Asia-Pacific will see upwards of 20% growth YoY in 2H17. With the Petro Media adjustments, North America is likely to see a decline slightly above 20% but better trajectory around retail and SMB. Latin America and EMEA are expected to be flattish to slightly up in terms of growth.

$PAY {{ '2017-06-08T21:45:02+0000' | timeago}} • Webcast

$PAY believes the China market is being saturated at this point. There are many competitors who are making devices. Looking at the long-term profitability of this market, the company does not believe it is prudent to invest more resources and capital. $PAY believes it is better to stay in China with a minority interest.

$PAY {{ '2017-06-08T21:29:20+0000' | timeago}} • Webcast

During 2Q17, $PAY delivered revenue of $158MM in North America. In Latin America, revenues were $63MM. In EMEA, revenues totalled $178MM. In Asia-Pacific, revenues came in at $76MM. Several emerging Asia-Pacific markets including Thailand and Malaysia grew by low double digits YoY.

$PAY {{ '2017-06-08T21:24:16+0000' | timeago}} • Webcast

$PAY posted revenues of $286MM from its Systems business in 2Q17. The Services business delivered revenue of $188MM. Services strength in Latin America was offset by lower sales of Petro Media.

$PAY {{ '2017-06-08T21:19:04+0000' | timeago}} • Webcast

$PAY formed a 50/50 JV by combining its Petro Media advertising business with Gas Station TV in early April. $PAY intends to divest its China business into a locally-owned company in which $PAY will hold a minority interest. This deal is expected to be completed during 3Q17. $PAY also intends to divest its Taxi Solutions business.

$PAY {{ '2017-06-08T21:03:27+0000' | timeago}} • Webcast

$PAY delivered 2Q17 results at the high end of its revenue projection and above its adjusted EPS guidance. Revenue momentum was driven by double digit sequential growth in North America retail and SMB business verticals and by strong demand for devices in India and in other countries executing their payment electronification programs.

$PAY {{ '2017-06-08T20:52:20+0000' | timeago}} • Infographic

$PAY VeriFone Systems Earnings AlphaGraphic: Q2 2017 Highlights

$PAY {{ '2017-06-08T20:31:34+0000' | timeago}} • Announcement

For 3Q17, $PAY expects GAAP and adjusted net revenues of approx. $463-465MM. GAAP diluted EPS is expected to be about $0.14-0.15 while adjusted diluted EPS is expected to be $0.35-0.36.

$PAY {{ '2017-06-08T20:27:57+0000' | timeago}} • Announcement

$PAY's guidance excludes its standalone Petro Media and China businesses, but includes the Taxi operations until disposition. For FY17, $PAY expects GAAP net revenues of about $1.861-1.866Bil and adjusted net revenues of about $1.865-1.870Bil. $PAY expects GAAP net loss per diluted share of about $0.51-0.53 and adjusted diluted EPS of $1.32-1.34.

$PAY {{ '2017-06-08T20:22:49+0000' | timeago}} • Announcement

$PAY reported a net loss of $89.3MM or $0.80 per share in 2Q17 compared with a net income of $2.9MM or $0.03 per share in 2Q16. 2Q17 results reflect restructuring and divestiture charges. Net revenues declined 10% to $474MM from last year.

$PAY {{ '2017-05-18T13:50:52+0000' | timeago}} • Announcement

$PAY appointed Rowan Trollope, SVP and general manager of IoT and Applications for $CSCO, to its BoD, effective immediately. The addition of Trollope increases the size of $PAY's board to 9 members. He will be appointed to the Audit Committee.

$MA {{ '2017-05-11T17:29:20+0000' | timeago}} • Announcement

$MA said it is joining forces with $PAY and $GPN to enhance and expedite the consumer checkout experience leveraging the company’s M/Chip Fast technology. M/Chip Fast prioritizes the parts of a transaction critical to security to speed chip checkout times.

$PAY {{ '2017-03-10T15:10:30+0000' | timeago}} • Infographic

$PAY VeriFone Systems Earnings AlphaGraphics: Q1 2017 Highlights

$PAY {{ '2017-03-09T22:09:08+0000' | timeago}} • Webcast

During 1Q17, in North America, $PAY delivered revenues of $169MM, down 28% YoY. In Latin America, revenues were $57MM, up 4% YoY. In Europe, Middle East and Africa, revenues of $168MM were down 1% YoY. In Asia-Pacific, revenues of $63MM were up 19% YoY, mostly driven by strong results in India.

$PAY {{ '2017-03-09T22:03:17+0000' | timeago}} • Webcast

In 1Q17, revenues in $PAY’s Systems business were $265MM, down approx. 21% YoY but slightly better than expected due to the higher sales in Asia. The Service business delivered revenues of $188MM, up 7.2% YoY.

$PAY {{ '2017-03-09T21:54:56+0000' | timeago}} • Webcast

$PAY's device services category accounts for approx. 50% of total Services revenue.  The company is investing in next-generation deployment solutions and enhancing automation tools to drive scale efficiencies. The payment services offering comprises approx.. 35% of total Services revenue. Europe is $PAY’s largest services region.

$PAY {{ '2017-03-09T21:18:01+0000' | timeago}} • Announcement

$PAY affirmed its FY17 outlook for revenue of $1.895-1.910Bil, EPS of $0.32-0.36, non-GAAP revenue of $1.9-1.915Bil and non-GAAP EPS of $1.35-1.39. For 2Q17, $PAY expects revenue of about $470-474MM, EPS of about $0.04 and non-GAAP EPS of $0.29.

$PAY {{ '2017-03-09T21:17:48+0000' | timeago}} • Announcement

$PAY slipped to a 1Q17 loss from a profit last year, due to lower Systems revenue. Net loss was $16.6MM or $0.15 per share compared to a profit of $23.5MM or $0.21 per share last year. Revenue fell 11.6% to $453.9MM. Non-GAAP EPS decreased to $0.21 from $0.48.

$PAY {{ '2016-12-12T22:35:58+0000' | timeago}} • Webcast

$PAY expects 1Q17 gross margin to be in the same range of 39.5% as in 4Q16 and operating expense is expected to be about $140MM. The company projects North American revenue to decline about 16% and Latin America to be relatively flat and EMEA to grow low single digit.

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