VeriFone Systems Inc. has defied the headlines decrying gloom over the European debt crisis by enjoying continued growth in the region while continuing to expand payment-terminal installations rapidly in Latin America.

The San Jose, Calif.-based payment-terminal maker pleasantly surprised Wall Street observers and investors Dec. 14 by posting $416 million in revenues for the fiscal fourth quarter ended Oct. 31, a jump of 31.2% from the $317 million reported for the same period in 2010.

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