________________ FORM 8-K ________________ | ||
CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 | ||
Date of Report (Date of earliest event reported): March 9, 2012 | ||
VERIFONE SYSTEMS, INC. (Exact name of registrant as specified in its charter) | ||
Delaware (State or other jurisdiction of incorporation) | 001-32465 (Commission File Number) | 04-3692546 (IRS Employer Identification No.) |
2099 Gateway Place, Suite 600 San Jose, CA 95110 (Address of principal executive offices with zip code) | ||
(408) 232-7800 (Registrant's telephone number, including area code) |
(Unaudited) | |||||||||||
Three Months Ended January 31, | |||||||||||
2012 | 2011 | % change | |||||||||
Pro Forma Net Revenues [a] | |||||||||||
Baseline historical net revenues | [b] | $ | 314.4 | $ | 281.1 | 11.8% | |||||
Acquired net revenues | [c] | $ | 148.8 | $ | 180.0 | (17.3)% | |||||
$ | 463.2 | $ | 461.1 | 0.5% |
[a] | Pro forma net revenues as reported in our Form 10-Q filed for the fiscal quarter ended January 31, 2012 prepared in accordance with Article 11 of Regulation S-X represents net revenues on a comparative basis as though all acquired businesses were combined as of the beginning of fiscal year 2011, adjusted to give effect to the pro forma events that are: (i) directly attributable to the acquisition, (ii) factually supportable and (iii) expected to have a continuing impact on the combined results. |
[b] | Baseline historical net revenues includes revenue in the three months ended January 31, 2012 and 2011 for our businesses that existed at the beginning of the fiscal quarter ended January 31, 2011, without any impact from revenue of acquired businesses. |
[c] | Acquired net revenues represents net revenues from our acquired businesses during the three months ended January 31, 2012 and 2011, including net revenues pre-acquisition and post acquisition, on a basis consistent with pro forma net revenues as described in note [a] above. |
VERIFONE SYSTEMS, INC. | |
Date: March 9, 2012 | By: /s/ Albert Liu Name: Albert Liu Title: Executive Vice President, Corporate Development and General Counsel |