Diebold Reports 12% Increase In Its Q2 Profit

By Diebold Inc.

Published August 04, 2009, 1:00 a.m. EDT

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Updated August 04, 2009, 12:00 a.m. EDT

1 Min Read

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Unexpectedly strong demand for ATMs in Asia helped Diebold Inc. offset relatively weak orders for the machines in the United States and in Eastern and Western Europe during the three-month period ended June 30. "In Asia Pacific, our second-quarter performance was stronger than expected, led by China," Tom Swidarski, Diebold president and CEO, told analysts during a conference call this morning. "And it was the primary reason we exceeded our internal quarterly [earning-per-share] projections." For the quarter, Diebold reported net income of $30.4 million, up 11.8% from the $27.2 million for the same period last year. Revenues were down 8.9%, to $700.5 million from $768.7 million.

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