VeriFone Reports Fourth Quarter EPS of $.40

VeriFone Systems, Inc. PAY today announced financial results for the three months and fiscal year ended October 31, 2010. Net revenues for the three months ended October 31, 2010, were $276 million, compared to $261 million of net revenues in the previous quarter and $218 million for the comparable period of 2009, a 27% year-over-year increase. Net revenues for the full year ended October 31, 2010, were $1,002 million, a 19% increase over the $845 million result for the full year ended October 31, 2009. Non-GAAP net income per diluted share for the three months ended October 31, 2010, was $0.40, compared to $0.36 in the prior quarter and $0.26 for the comparable period of fiscal 2009, a 54% year-over-year increase. Non-GAAP net income per diluted share for the full year ended October 31, 2010, was $1.32, a 55% increase over the $0.85 figure for the full year ended October 31, 2009.