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Even with economic concerns and tighter new regulations, Visa (V) still had a strong Q1 based on service revenues, data processing revenues and international transaction revenues.
In Q1 2012, Visa reported operating revenues of $2.547 billion, up 12.1% from Q1 last year, when Visa reported operating revenues of $2.238 billion. Visa reported a Q1 net income of $1.029 billion or $1.49 per share which was an increase of 21% over Q1 last year. The profits were supported by strong double digit growth in service revenues, data processing revenues and international transaction revenues. read more
