VeriFone designs and markets electronic payment solutions for consumers, merchants, and financial institutions. Its product portfolio is comprised of contactless and countertop systems as well as electronic cash register and payment devices, PIN pads, POS systems, indoor and outdoor unattended payment solutions, wireless handheld payment devices, and point-of-sale receipt printers. The Company also provides software solutions for card acceptance, mobile payments, security and encryption, POS integration, value-added and prepaid services, issuing and acquiring, estate management, petroleum and convenience, and device-driven technologies as well as development tools. It provides media solutions such as digital network, taxi tops and wraps, and mobile or SMS solutions through sales representatives in different regions of the USA.
Type
Subsidiary
Parent Company
Francisco Partners
HQ
San Jose, US
Founded
1981
Verifone Systems was founded in 1981 and is headquartered in San Jose, US
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Verifone Systems Office Locations

Verifone Systems has an office in San Jose
San Jose, US (HQ)
88 W Plumeria Dr
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Verifone Systems Financials and Metrics

Summary Metrics

Founding Date

1981
Verifone Systems is a subsidiary of Francisco Partners

Verifone Systems Financials

Verifone Systems's revenue was reported to be $1.87 b in FY, 2017
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

1.7 b1.9 b2 b2 b1.9 b

Revenue growth, %

10%7%0%

Sales and marketing expense

196.6 m217.5 m227.5 m217 m194 m

General and administrative expense

181.1 m208.7 m206.2 m204.6 m189.6 m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Revenue

436.1 m466.4 m475.9 m486.2 m490.1 m509.9 m513.5 m526.3 m488.1 m453.9 m473.7 m466.9 m436.8 m

Sales and marketing expense

50.6 m56.4 m54.1 m57.4 m55.4 m56.6 m54.9 m59 m52.8 m49.5 m50.9 m46.7 m46.9 m

General and administrative expense

50.9 m48.7 m58.4 m47.4 m49.5 m55.4 m52.8 m54.9 m49.8 m50.8 m46.8 m44.9 m51.4 m

R&D expense

50.5 m50 m53.2 m48.9 m47.6 m54.2 m51.7 m54.7 m52.4 m56.8 m51.8 m50.7 m48.1 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

268.2 m250.2 m208.9 m148.4 m131 m

Accounts Receivable

187.9 m13.9 m

Inventories

138.7 m124.3 m129.7 m175.2 m126.6 m

Current Assets

825 m785.6 m782.3 m757.4 m718.7 m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Cash

249.3 m229.8 m263.8 m240.6 m234.2 m242.1 m185.7 m156.6 m156.6 m147 m134.5 m158.8 m152.8 m

Inventories

121.5 m113.3 m112.7 m137.6 m129.4 m121.8 m136.7 m154.6 m183.1 m155.9 m141.7 m127.5 m127.4 m

Current Assets

749 m768.7 m791 m769.4 m804.8 m798 m797.3 m840.6 m846.3 m731 m806.5 m778.5 m696.7 m

PP&E

203.3 m217.2 m195.5 m202.7 m130.5 m130.5 m129.1 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(296.1 m)(38.1 m)80.4 m(9.7 m)(175.3 m)

Depreciation and Amortization

179.2 m140.7 m

Inventories

26.8 m9.5 m(16.4 m)(45.7 m)30.4 m

Accounts Payable

(77 m)47.4 m41.2 m(39.6 m)(7.6 m)
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Net Income

(16.1 m)(39.7 m)(67.8 m)14.1 m31.8 m41.9 m23.7 m27.1 m(4.4 m)(17.7 m)(89.7 m)7.2 m

Depreciation and Amortization

40.9 m33 m

Inventories

15.5 m24.9 m24.6 m(19.1 m)(11.7 m)(6.7 m)(8.3 m)(23.4 m)(53.3 m)19.4 m141.7 m1 m

Accounts Payable

(4.8 m)29.8 m24.3 m(11.6 m)17.3 m(189 k)(4.2 m)26 m(2.3 m)(20.2 m)154.9 m(837 k)
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Verifone Systems Operating Metrics

FY, 2014FY, 2015FY, 2016Apr, 2018

Countries

150 150 150 150

Devices

20 m27 m30 m30 m

Patent Applications

88 88 70

Patents Issued

363 350 334
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Verifone Systems News and Updates

Contactless Payments market is increasing world-wide with Heartland Payment Systems, Verifone Systems Inc

HTF MI recently broadcasted a new study in its database that highlights the in-depth market analysis with future prospects of Contactless Payments market. Posted via Industry Today. Follow us on Twitter @IndustryToday
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