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Visa Inc has announced financial results for the Company's fiscal second quarter 2012 ended March 31. GAAP net income for the quarter, inclusive of one-time non-cash benefit related to the re-measurement of existing net deferred tax liabilities was 1.3 billion dollars.
On an adjusted basis, excluding this non-cash benefit, net income for the quarter was 1.1 billion dollars, depicting an increase of 23 percent over the prior year, and diluted class-A common stock earnings per share were 1.6 dollars with an increase of 30 percent over the prior year.
The weighted-average number of diluted class A common stock outstanding was approximately 676 million. The Company's …