Heartland Q3/15

NJ-based Heartland Payment Systems (HPS) reported Small and Mid-Sized Enterprise (SME) Q3 transaction processing volume set a new quarterly record $24.5 billion, up 13.1% year-on-year (YOY). HPS also acquired privately held Digital Dining, a provider of restaurant point-of-sale (POS) and management systems throughout the USA.

Gemalto to Acquire SafeNet

Gemalto has signed a definitive agreement to acquire 100% of the share capital of SafeNet from Vector Capital for US$890 million on a debt free/cash free basis.SafeNet technology protects over 80% of world’s intra-bank fund transfers and its 1,500+ employees, including 550 cryptographic engineers, serve more than 25,000 customers, both corporations and government agencies, in over 100 countries. In 2013, SafeNet recorded revenues of US$337 million and profit from operations of US$35 million and expects revenues of US$370 million and profit from operations of US$51 million for 2014. The purchase price of US$890 million is self-funded with US$440 million from available cash, and US$450 million drawn from existing long-term credit facilities. The closing of the transaction is expected to occur in Q4 2014, after approval from the relevant regulatory and antitrust authorities.

Gemalto Posts 2011 results

Gemalto, the world leader in digital security announces its results for the full year 2011. Key figures of the adjusted income statement Year-on-year variations €in millions Full year 2011 Full year 2010 at historical exchange rates at constant exchange rates Ongoing operations Revenue 2000 1862 +7% +9% Gross profit 747 676 +11% Operating expenses (509)…

Cypress Reports 4Q/FY/10 Results

Cypress Semiconductors posted 4Q/10 revenue of $226.6 million, down 2.3% from $231.9 million for the prior quarter, and up 16.8% from $194.0 million for the year-ago period. Meanwhile, net income for the quarter totaled $50.6 million. For the 2010 fiscal year, Cypress revenue totaled $883.8 million, an increase of 32.3% from fiscal year 2009 revenue of $667.8 million. Cypress’s fourth-quarter revenue decreased 2% sequentially thanks to its CCD division which grew 10% sequentially due to very strong “TrueTouch” touchscreen revenues, which drove the overall mobile handset revenues up 27%. Meanwhile FY 2010 revenue grew 32% year-over-year, rebounding strongly from a tough 2009 thanks to the Company’s “PSoC” and “TrueTouch” products having achieved record revenue and design wins.

Fiserv 3Q/10 Revenue up $10mm Y/Y

Fiserv financial services technology posted its 3Q/10 GAAP revenue of $1.03 billion, compared with $992 million in 3Q/09 and adjusted revenue was up 3% to $978 million, compared with $945 million in 3Q/09. Adjusted internal revenue growth was 3% thanks to 5% growth in the Payments segment while the adjusted operating margin increased 50 basis points to 29.4% over last year, which was 29.3% for the first 3 quarters of 2010 for a 40-basis-point increase over the first nine months of 2009. This performance is thanks in part to Fiserv’s introduction of the “Mobile Source Capture” remote deposit capture solution for camera-equipped smartphones; having expanded its consumer payments footprint in the quarter by signing 124 electronic bill payment clients and 59 debit clients; and having won over 270 clients commitments to its “ZashPay” person-to-person payments service. Additionally, the Company won service contracts with the Center Bank of Los Angeles; Eagle Savings Bank of Cincinnati; the Granite State Credit Union of Manchester; Kern Schools Federal Credit Union; Liberty Bank; Navy Federal Credit Union; and Patelco Credit Union of San Francisco.

FISERV REVENUE
4Q/08: $984 million
1Q/09: $968 million
2Q/09: $951 million
3Q/09: $992 million
4Q/09: $1.01 billion
1Q/10: $954 million
2Q/10: $970 million
3Q/10: $1.03 billion
Source: CardData (www.carddata.com)

Euronet Posts 3Q/10 Revenue Down $4mm Y/Y

Euronet Worldwide posted 3Q/10 revenues of $260.2 million, compared to $264.8 million for the year ago period; 3Q/10 adjusted EBITDA of $36.9 million, compared to $38.6 million for the year ago period; net income of $21.0 million, compared to net income of $18.9 million for the year ago period; and total transactions of 430.8 million, compared to 387.3 million for the year ago period. Meanwhile, the EFT Processing Segment posted revenues of $49.1 million, compared to $50.9 million in 3Q/09; adjusted EBITDA of $15.4 million, compared to $17.0 million for the year ago period; and transactions totaled 199.4 million, compared to 188.4 million for the year ago period. The EFT Processing Segment operated 10,519 ATMs as of September 30 for an increase of 1,046 over 9,473 ATMs in the corresponding period of last year. Meanwhile, the epay Segment posted revenues of $148.0 million, compared to $153.6 million last year, and transactions of 226.6 million, compared to 194.4 million last year, while the Money Transfer Segment reported revenues of $63.1 million, compared to $60.3 million for the year ago period, and total transfer transactions of 4.8 million, compared to 4.5 million last year.

EURONET REVENUE HISTORICAL
1Q/09: $233.7 million
2Q/09: $248.6 million
3Q/09: $264.8 million
4Q/09: $285.6 million
1Q/10: $250.0 million
2Q/10: $244.2 million
3Q/10: $260.2 million
SOURCE: Cardata.com

Gemalto Posts 1H/10 Revenue Growth +5% H/H

Gemalto has reported 1H/10 revenue growth of 5% to EUR840 million while its software and services revenue expanded 48% to EUR110 million. Profit from operations was EUR67 million. Gross profit, meanwhile was EUR290 million, operating expenses were EUR211 million and net profit was EUR68 million. This was thanks in large part to favorable conditions and acquisitions early in the Company’s development plan and is in line with its 2013 objective. With this, Gemalto is confident in reaching 2H/10 revenue of more than EUR1 billion. Gemalto saw 2009 annual revenues of EUR1.65 billion, and has over 10 thousand employees operating out of 75 offices, research and service centers in 41 countries.

Online Resources Revenue Down $1.4mm Y/Y

Online Resources online financial services reported 2Q/10 revenue of $36.4 million, compared to the year ago figure of $37.8 million. Meanwhile, Ebitda was $6.0 million, compared to $8.4 million in the same quarter of 2009; adjusted Ebitda was $6.6 million, compared to $9.3 million in the prior year period; and core net income was $1.7 million, compared to $2.5 million in the same quarter of 2009. Projections show Online Resources 3Q/10 revenue will be between $34.6 and $36.6 million, Ebitda will be between $4.8 and $6.3 million, and core net income is expected to be between $0.01 and $0.03 per diluted share.