December 18, 2012 at 17:10 PM EST
TEXT-S&P revises Verifone outlook to positive
Overview -- San Jose, Calif.-based communications equipment company VeriFone Systems Inc. reported 8% year-over-year organic revenue growth in the quarter ended October 2012. -- We expect that the company will continue to increase its presence in global merchant payment systems markets and post strong organic revenue growth over the coming year, with leverage contained under 3x. -- We are revising our rating outlook on the company to positive from stable, and affirming our rat
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