Actionable news
0
All posts from Actionable news
Actionable news in PAY: VERIFONE SYSTEMS Inc,

VeriFone Cuts Outlook, Announces Plans to Review Business

VeriFone Systems Inc. PAY -16.37 % cut its annual guidance after posting weaker-than-expected results for its latest quarter and announced a strategic review that will likely lead to job cuts.

The payments-technology company didn’t give a time frame for its review or an estimate for possible head count reductions. But VeriFone did say that it hopes to achieve about $30 million in savings in 2017.

“We are aggressively executing mitigating actions including a head count restructuring and a review of underperforming businesses,” said Paul Galant, chief executive of the...


More