Visa's quarterly profit rises 11.5 pct
Jan 29 (Reuters) - Visa Inc, the world's largest credit and debit card company, reported an 11.5 percent rise in quarterly profit on Thursday as a strengthening U.S. job market and cheaper gasoline prices encouraged people to spend.
Visa's net income rose to $1.57 billion, or $2.53 per Class A share, in the first quarter ended Dec. 31 from $1.41 billion, or $2.20 per Class A share, a year earlier.
Total operating revenue increased 7 percent to $3.38 billion.
(Reporting by Amrutha Gayathri in Bengaluru; Editing by Savio D'Souza)
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