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Visa quarterly profit rises 11 percent

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Visa quarterly profit rises 11 percent

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(Reuters) – Visa Inc <V.N>, the world’s largest payments network operator, reported an 11 percent increase in fourth-quarter profit on Wednesday, driven higher by its purchase of Visa Europe, and as more people made payments using its network. Net income rose to $2.14 billion (£1.6 billion) in the fourth quarter ended Sept. 30, from $1.93 billion a year ago. http://bit.ly/2z5EEeA Earnings per Class A share rose to 90 cents from 79 cents a year earlier.

(Reporting By Aparajita Saxena in Bengaluru; Editing by Bernard Orr)
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