Vantiv reports Q1 results

Revenue for the quarter totalled USD432.8 million

Revenue for the quarter totalled USD432.8 million, a 17% increase on the USD371.4 brought in last year (view press release). Transactions went up 12% and net revenue increased 23% to USD232.6 million from USD189.2 million for the same period last year. This was driven by a 16% increase in transactions and a 17% increase in rate per transaction in the Merchant Services segment. Adjusted cash net income per share was USD0.20. Adjusted EBITDA increased 18% to USD102.9 million compared with USD87.5 million last year.

I am very proud of the results that the 2,500 employees in our talented Vantiv team produced in this new era as a publicly traded company..,” said president and CEO Charles Drucker. “We are focused on growing our comprehensive and integrated suite of services and diversifying our distribution channels to expand our market share.”   

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