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Diebold first-quarter revenue increases 8.1
NORTH CANTON, Ohio (5/1/08)--Diebold reported an estimated first-quarter 2008 revenue of $700.2 million, an increase of 8.1% compared with revised 2007 first-quarter revenue estimates of $647.7 million. Financial self-service revenue increased in Asia-Pacific, led by strong growth in China as the country prepares for the 2008 Summer Olympics, Diebold said. Financial self-service grew in Latin America but remained flat in North America. Security revenue increased slightly, with growth in the financial market partially offset by weak performance in retail. Currency exchange represented slightly more than half of total revenue growth during the period, Diebold said. Diebold’s projected 2008 revenue outlook includes 6% to 8% growth, a drop in security revenue growth to 4% or 5%, election systems revenue at $105 million to $115 million and Brazilian lottery systems revenue at $10 million to $13 million. Diebold is an ATM manufacturer that serves financial institutions, including credit unions.
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