Vasco Data Security International Inc., a company based in the United States and Switzerland that sells card readers that enable consumers to prove their identities on online-banking sites, on Thursday reported net income of US$7.5 million (4.8 million euros) for the second quarter ended 30 June , up 8.7% from $6.9 million for the same period last year. Net income for the first half of the year rose 5.1%, to $12.4 million from $11.8 million during the first half of last year, the company says in a statement. Second-quarter revenue rose 9.3%, to $35.4 million from $32.4 million last year. Revenue for the first half of the year rose 9.4%, to $64.3 million from $58.8 million during the same period last year. Vasco says it won 516 new customers in the second quarter, including 79 banks and 437 other companies. The first half of the year has brought Vasco 1,107 new customers, including 150 banks. The company predicts its year-end revenue will increase 15% to 25% over 2007, "a reduction from [Vasco's] previous guidance of 10 percentage points in each end of the range."
Authoritative analysis and perspective for every segment of the payments industry
Authoritative analysis and perspective for every segment of the industry
Have an account? Sign In