With sales growth in Europe and the Asia Pacific, Hypercom Corp. on May 5 reported a $375,000 first quarter profit; the Scottsdale, Ariz.-based payment-terminal maker reported a $9.9 million loss during the same period last year.
Revenue for the quarter ended March 31 totaled $98.8 million, up 19.3% from $82.8 million during the same period last year, Hypercom says, noting revenue in all regions but the Americas grew.
Northern Europe revenue grew by 36.8%, to $27.5 million from $20.1 million. In Southern Europe, revenue rose by 27.7%, to $35.5 million from $27.8 million. Hypercom’s Asia-Pacific revenue totaled $12.3 million, up 24.2% from $9.9 million.
Revenue for the Americas totaled $23.5 million, a 6% decrease from $25 million that Hypercom attributed to the company’s mid-2009 decision to get out of a services contract in Brazil.