Diebolds Second-Quarter Profit Drops 33% As Revenue Stays Flat

Published July 27, 2011, 10:45 a.m. EDT

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Updated July 27, 2011, 9:45 a.m. EDT

1 Min Read

Diebold Inc. announced July 27 that its second-quarter net income dropped 33%, to $20.3 million from $30.4 million a year earlier. Revenue was down 0.4%, to $662.4 million from $665.2 million.

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Despite the drops, Diebold’s top executive remained positive about the quarter’s earnings. “We had a solid second quarter with better-than-expected results in key areas of the company,” Thomas Swidarski, president and CEO of the North Canton, Ohio-based ATM manufacturer, said in a press release.

Swidarski cited accelerated growth in North America, particularly with regional banks in the U.S.

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