10-q_ verifone systems, inc. – marketwatch


This section should be read in conjunction with our consolidated financial statements and related notes included in our 2016 Annual Report on Form 10-K and the Condensed Consolidated Financial Statements and Notes included in Part I, Item I of this Quarterly Report on Form 10-Q. Center of women’s health This section and other parts of this Quarterly Report on Form 10-Q and certain information incorporated by reference herein contain forward-looking statements that involve risks and uncertainties. Access to health care In some cases, forward-looking statements can be identified by words such as “may,” “should,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” or “continue,” the negative of such terms, or comparable terminology. Intermountain healthcare provo Such forward-looking statements are based on current expectations, estimates, and projections about our industry and management’s beliefs and assumptions, and do not reflect the potential impact of any mergers, acquisitions, or other business combinations or divestitures that have not been completed. Health insurance tax Forward-looking statements are not guarantees of future performance and our actual results may differ materially from the results expressed or implied in the forward-looking statements.

Private health insurance texas Factors that might cause such differences include, but are not limited to, those discussed in Part I, Item 1A, Risk Factors, in our 2016 Annual Report on Form 10-K and in Part II, Item 1A, Risk Factors, of this Quarterly Report on Form 10-Q, and elsewhere in these reports, including our disclosures of Critical Accounting Policies and Estimates in Part II, Item 7 in our 2016 Annual Report on Form 10-K and in Part I, Item 2 of this Quarterly Report on Form 10-Q, and our disclosures in Part II, Item 7A, Quantitative and Qualitative Disclosures About Market Risk in our 2016 Annual Report on Form 10-K and in Part I, Item 3, Quantitative and Qualitative Disclosures About Market Risk of this Quarterly Report on Form 10-Q, as well as in our Condensed Consolidated Financial Statements and Notes thereto. Primary health care team We are under no duty to update any of the forward-looking statements after the date of this Quarterly Report on Form 10-Q to conform such statements to actual results or to changes in expectations. Cheap health insurance ny We assume no obligation to revise or update any forward-looking statements for any reason, except as required by law. Health insurance age 26 In this Quarterly Report on Form 10-Q, each of the terms “VeriFone,” “Company,” “us,” “we,” and “our” refers to VeriFone Systems, Inc. I can’t afford health insurance and its consolidated subsidiaries.

Our Management’s Discussion and Analysis of Financial Condition and Results of Operations is provided in addition to our Condensed Consolidated Financial Statements and accompanying notes to assist readers in understanding our results of operations, financial condition and cash flows. World health care This section is organized as follows:

We are a global leader in payments and commerce solutions. Primaryhealthcare We provide expertise and solutions that add value at the retail point-of-sale (POS) and enable innovative forms of commerce. Cheap health insurance For 35 years, we have been a leader in designing, manufacturing, marketing and supplying a broad range of innovative payment solutions, including customer payments acceptance, connectivity between merchants and financial institutions, as well as security and comprehensive payment and commerce services. Home health care cost We focus on delivering solutions that include innovative POS payment capabilities, value-added services that increase merchant revenues and enhance the consumer experience, and solutions that enrich and improve the interaction between merchants and consumers and help merchants run their businesses more efficiently. Affordable health insurance florida Key industries in which we operate include financial services, retail, petroleum, restaurant, hospitality, taxi, transportation and healthcare.

The markets in which we operate are highly competitive. Independent health insurance We compete based on various factors, including product functions and features, pricing, product quality and reliability, design innovation, interoperability with third-party systems and brand reputation. Primary care We also compete based on product availability and certifications, as well as service offerings and support. Cheap health insurance for young adults We continue to experience competition from traditional POS terminal providers as well as suppliers of ECRs that provide built-in electronic payment capabilities and producers of software that facilitates electronic payments over the Internet, and we also see new companies entering our markets, including entrants offering various forms of mobile device based payment options. Women’s health san antonio In certain geographic markets, such as China and Brazil, we see customers requiring a choice of lower cost offerings. Womens health hospital This trend has increased competition and pricing pressures in those geographies.

We have two operating segments: Verifone Systems and Verifone Services. Women’s health initiative study Verifone Systems delivers point of sale electronic payment devices that run our unique operating systems, security and encryption software, and certified payment software for both payments and commerce. Cost of home health care Verifone Services delivers device related services and maintenance, payment transaction routing and reporting, and commerce based services such as advertising on digital screens. Individual health insurance indiana Our reportable segments are the same as our operating segments.

In connection with our strategic focus to evolve from a device sales company to a solutions provider, we completed several strategic acquisitions during our fiscal year 2016, including InterCard AG, a leading payment service provider in Germany and AJB Software Design, a provider of payment gateway and switching solutions for large merchants in the U.S. Women’s health journal and Canada. Home health care providers Our Services net revenues as a percentage of total net revenues for the three months ended January 31, 2017 has increased by 7.2 percentage points compared to the three months ended January 31, 2016, primarily as a result of net revenues from these acquired businesses.

On March 8, 2017, we signed an agreement to acquire a 50% equity interest in Gas Media Holdings, LLC, a newly formed holding company into which we will contribute certain assets associated with our marketing, promoting, selling and distributing media and advertising solutions for display or use in petroleum forecourts in the United States. Health care costs DMI Parent LLC will contribute 100% of their equity interests in DMI Holdings, LLC, in exchange for the other 50% equity interest of this newly formed holding company. Primary health insurance Subject to customary closing conditions, we expect this transaction to close during the three months ended July 31, 2017.

Sales of our point of sale electronic payment devices and systems comprise approximately 58.5% and 65.7% of our net revenues in the three months ended January 31, 2017 and January 31, 2016, respectively. Health insurance deductible meaning Our point of sale electronic payment devices run our unique operating systems, security and encryption software, and certified payment software, and are designed to suit our clients’ needs in a variety of environments, including traditional multilane and countertop implementations, self-service or unattended environments, in-vehicle and portable deployments, mobile point-of-sale solutions, as well as fully integrated POS solutions. Intermountain healthcare layton Our systems can securely process a wide range of payment types including signature and PIN-based debit cards, credit cards, NFC/contactless/radio frequency identification cards, or RFID cards, smart cards, pre-paid gift and other stored-value cards, electronic bill payment, signature capture and electronic benefits transfer, or EBT. Women’s health associates boise Our unique architecture enables multiple value-added applications, including third-party applications, such as gift card and loyalty card programs, healthcare insurance eligibility and time and attendance tracking, and allows these applications to reside on the same system without requiring recertification upon the addition of new applications. Home health care tampa During the past year we introduced Verifone Engage, the next generation of our best-selling suite of devices, which is a family of interactive, commerce-enabled payment devices that we believe offer an innovative connected payments experience. Us healthcare We also launched Verifone Carbon, an integrated dual-screen connected point-of-sale solution that enables merchants to run register and business applications from a tablet screen while enabling consumers to pay and interact with a consumer-facing screen. Cheap health insurance in nj Combining our Verifone Engage and Carbon payment solutions with our E-service and value family of devices, we are able to deliver rich media and complex commerce enablement services on our payment terminals to our merchant clients, as well as mobile solutions and products geared for price sensitive emerging markets. Home health care jobs near me Security continues to be an important factor for all of our clients and we have experienced increasing demand for Europay, MasterCard and Visa, or “EMV”, capable terminal solutions.

Services are an important and growing part of our business and revenues, accounting for approximately 41.5% of our net revenues in the three months ended January 31, 2017, compared to 34.3% of our net revenues in the three months ended January 2016. Health care problems We offer a wide portfolio of services including device, payment, commerce and omni-channel services. Primary healthcare limited Our traditional device services include professional services related to installation and deployment, helpdesk support, training, equipment repair and maintenance, terminal management services and software post-contract support. Health care worker Our payment services include gateway solutions that enable more efficient routing of transactions, multi-channel acceptance and processing, along with end-to-end encryption to reduce the complexity and costs of Payment Card Industry, or PCI, standards compliance. Define healthcare Our commerce services leverage our terminals to drive incremental consumer sales by engaging consumers at the point of sale through value-added applications such as loyalty and couponing applications, targeted offers and real-time reward redemptions. Health insurance pa Our omni-channel services provide seamless interoperability between online and offline payments.

The timing of our customer orders may cause our revenue to vary from period to period. Private health insurance usa Specifically, revenues recognized in our fiscal quarters can vary significantly when larger customers or our distributors delay orders due to regulatory and industry standards compliance, budget considerations, product feature availability, dual vendor sourcing requirements, technology refresh cycles, economic conditions or other concerns that impact their business or purchasing decisions. Primary healthcare approach For example, the timing of customer orders is often impacted by the timing of technology refreshes or the timing of completed product certifications by a particular customer or in a particular market. Health care delivery Customer purchases have also been impacted by regulatory factors such as new or pending banking regulations and government initiatives to drive cashless transactions.

In addition, revenues can be back-end weighted when we receive sales orders and deliver a higher proportion of our systems toward the end of our fiscal quarters. Private health insurance reviews This variability and back-end weighting of orders may adversely affect our results of operations in a number of ways and could negatively impact revenues and profits. Home health care marketing First, the product mix of orders may not align with manufacturing forecasts, which could result in a shortage of the components needed for production. Health insurance gov Second, existing manufacturing capacity may not be sufficient to deliver the desired volume of orders in a concentrated time when they are received. United states health care Third, back-end weighted demand could negatively impact gross margins through higher labor, delivery and other manufacturing and distribution costs. Dshs health insurance If, on the other hand, we were to seek to manage the fulfillment of back-end weighted orders through holding increased inventory levels, we would risk higher inventory obsolescence charges if our sales fall short of our expectations.

Because our revenue recognition depends on, among other things, the timing of product shipments, decisions we make about product shipments, particularly toward the end of a fiscal quarter, may impact our reported revenues. Benefits of private health insurance The timing of product shipments may depend on a number of factors, including costs of air shipments if required, the delivery date requested by customers and our operating capacity to fill orders and ship products, as well as our own long and short-term business planning and supply chain management. Women’s health media kit These factors may affect timing of shipments and consequently revenues recognized for a particular period.

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