San Francisco: Visa Inc. (NYSE: V) today announced financial results for the Company's fiscal first quarter 2010 ended December 31, 2009. GAAP net income for the quarter was $763 million, or $1.02 per diluted class A common share. The weighted average number of diluted class A common shares outstanding was 745 million.



GAAP net operating revenue in the fiscal first quarter of 2010 was $2.0 billion, an increase of 13% over the prior year and driven by strong contributions across all revenue categories, in particular data processing revenues and international transaction revenues.



"By all measures, Visa's fiscal first quarter was a strong start to the new year, as we continued to execute well against our business plan," said Joseph Saunders, Chairman and Chief Executive Officer, Visa Inc. "We were able to capitalize on the secular trend to digital currency and grow revenues, as we expanded our payments network and processing capabilities to drive transaction growth through effective marketing programs. Even in the midst of the current economic environment, we remain fully committed to assisting our clients through these challenging times and returning excess cash to our shareholders.



Read more on Visa Inc. Investor Web site.Media Contacts:Jack Carsky or Victoria Hyde-Dunn

Investor Relations

+1 415 932 2213

ir@visa.com

Related articles by Zemanta

• Visa Beats on Higher Transactions - Analyst Blog (benzinga.com)


• Visa 1Q profit rises 33 percent (seattletimes.nwsource.com)


• Visa 1Q profit rises 33 percent, beats estimates (sfgate.com)


• Visa Posts Higher Profit as Consumers Embrace Cards, Shun Cash (businessweek.com)


• Ahead of the Bell: Analysts raise 2010 estimates (sfgate.com)


• Visa Posts Q4 2009 Results and Authorizes $1B Share Repurchase Plan (pindebit.blogspot.com)


• WSJ: V/MC Ready to Charge Ahead (pindebit.blogspot.com)