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VeriFone Systems, Inc. Message Board

  • wipemyeye wipemyeye May 24, 2012 1:46 PM Flag

    Last quarters cc.

    I know this is old information, but lets keep last quarters cc in mind.

    "We are delighted with the results of our first quarter of fiscal year 2012. For the ninth consecutive quarter, we posted all-time record results. Q1 non-GAAP revenues were $425 million, a 50% increase over the previous year.

    Excluding the impact of all FY'11 and FY '12 acquisitions, organic revenue growth was 12%. Hypercom revenues were $73 million in the first quarter, and our major integration activities are now complete. We continue to see the benefits of our new business initiatives, as non-GAAP services revenue comprised 26% of total revenues in Q1 and 23% excluding the contribution from the Point acquisition.

    Our international operations continued to show great strength in Q1, posting year-over-year growth of 96%. Organic growth excluding all FY '11 and FY '12 acquisitions was 32%. Latin America had another amazing quarter with over 100% year-over-year revenue growth and 65% growth excluding acquisitions.

    In Europe, the Middle East and Africa, revenues grew 102% over Q1 of last year, and 20% excluding all of our FY '11 and FY '12 acquisitions.

    Now let's move onto North America. Sales were up 4% sequentially, but down 7% compared to a year ago. As I've stated in the previous earnings call, Q1 is the last difficult comparison because a year ago, many multi-lane and petroleum customers were still purchasing systems during the mid-2010 deadline imposed by PCI. We expect to return to high single-digit growth rates beginning this quarter.

    Our new guidance for the second quarter of fiscal '12 is for non-GAAP revenue to be between $465 million and $470 million. We now expect our non-GAAP earnings per share to be in the range of $0.59 to $0.60. On a full year basis for fiscal '12, our new guidance for non-GAAP revenue, including 10 months of Point revenue, is in the range of $1,900,000,000 and $1,925,000,000. We now expect fiscal '12 full year non-GAAP earnings per share in the range of $2.60 to $2.66."

    The shorts will use all kinds of rhetoric but never the facts.

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