SAN JOSE, CA - June 2, 2009 - VeriFone Holdings, Inc. (NYSE: PAY), the global leader in secure electronic payment solutions, today announced financial results for the three months ended April 30, 2009.

Net revenues for the three months ended April 30, 2009, were $201.6 million, 14% lower than the net revenues of $233.0 million for the comparable period of 2008. Net revenues from VeriFone's North America business decreased 17% while net revenues from VeriFone's International business decreased 11%.

Non-GAAP gross margins were 33.8%, for the three months ended April 30, 2009, compared to 35.0% for the comparable period of 2008. GAAP gross margins for the three months ended April 30, 2009, were 32.2% compared to 31.5% for the three months ended April 30, 2008.

Non-GAAP operating expenses for the three months ended April 30, 2009, were $44.8 million compared to $53.7 million for the comparable period of 2008. GAAP operating expenses for the three months ended April 30, 2009, were $52.6 million, compared to $78.0 million for the comparable period of 2008. Read More