VeriFone quarterly loss narrows

June 5 Thu Jun 5, 2014 4:14pm EDT

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June 5 (Reuters) - VeriFone Systems Inc, a maker of credit card swipe machines, reported a 9 percent rise in revenue for the second quarter as customers upgrade their equipment to accept the new credit cards embedded with chips.

Net loss attributable to the company narrowed to $23.9 million, or 22 cents per share, in the quarter ended April 30, from $58.4 million, or 54 cents per share, a year earlier.

Revenue rose to $466.4 million from $426.3 million a year earlier. (Reporting by Sampad Patnaik in Bangalore)
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