VeriFone has recently reported its first quarter results for the three months ended January 31, 2018. The results generally met expectations after being driven by services and strategic priorities by the management.
Earnings per share recorded a data of 23 cents during the period, whereas revenues of $436.8 million saw declines of at least 3.8 percent which was coarsely in line with estimated data.
Chief Executive Officer Paul Galant told in a conference call that the company is monitoring a route to potential growth as marked by the current upshots.
On top of the fiscal year targets, systems revenue weakened as anticipated if to compare from the data last year, Galant added.
Furthermore, the Non-GAAP net revenue and EPS exceeded the market estimates. According to the recent reports, Non-GAAP net revenues had a record of $425 million. Non-GAAP net income on the other hand had $0.23 per share of diluted share.