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VeriFone Systems Inc.

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VeriFone’s first-quarter fiscal 2018 results benefited from strong revenue growth in Latin America, EMEA and North America SMB vertical. The company’s mPOS device has gained good traction within a short span of time. Additionally, connected device footprint expanded primarily driven by strong growth in payment-as-a service solution in North America. VeriFone now plans to surpass 2 million connected devices globally in fiscal 2018. However, divestitures of the Petro Media and the Taxi businesses continues to hurt top-line growth. Shares have underperformed the broader industry in the past one year.

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