VeriFone Holdings, Inc. (NYSE:PAY) has released the fourth quarter earnings for the fiscal year ended October 31, 2009. It’s net revenues of the quarter are $217.8 million, 11% lower than the $244.7 in revenues earned during the comparable period of 2008. The company’s international business net revenues decreased 14% while its North American business decreased only 6%.
Penny Stock Professor, a leading financial publication, is pleased to alert investors of stocks on the move. Sign Up for our Free Penny Stock Picks.
VeriFone’s non-GAAP gross margins were shown as 37.9% for the quarter, compared to the fourth quarter for fiscal 2008 at 34.7%. The GAAP gross margins for the fourth quarter 2009 and 2008 were 34.8%, and 30.2% respectively. The full earnings report is available online at http://www.verifone.com/.
VeriFone Holdings, Inc. (VeriFone) is engaged in secure electronic payment solutions. The Company provides solutions and services that add value to the point of sale (POS) with merchant-operated, consumer-facing, and self-service payment systems for the financial, retail, hospitality, petroleum, transportation, government and healthcare vertical markets. The Company’s system solutions consist of point of sale electronic payment devices that run third-party operating systems, security and encryption software, and certified payment software, as well as other third-party, value-added applications. The Company’s customers include primarily financial institutions, payment processors, petroleum companies, large retailers, government organizations and healthcare companies, as well as independent sales organizations.
Follow us on Twitter: http://www.twitter.com/pennystockspro
Sign up for the free Penny Stock Professor newsletter. To subscribe, enter your e-mail address into the frame at the bottom of this press release or visit our website.
About Us
Penny Stock Professor is a leading stock web site that allows investors and interested parties to research stocks that are on the move. We also track small cap companies that are on the brink of a financial breakout. To feature a company on our web site please contact us at the email listed below.
Please click here to read the full disclaimer.
