Trintech revenue beats forecast

PAYMENTS company Trintech beat market expectations yesterday when it announced second quarter revenues of $13.2 million (€10.9 million), a 31% increase on the same quarter last year.

The company reported a slight profit of $351,000, marking the third quarter in a row of profitability after sustained losses in previous years.

Chairman and chief executive Cyril McGuire said the results were strong and showed that the company’s investment in new products was paying off.