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Diebold revenue increases 11 for second quarter
NORTH CANTON, Ohio (8/12/08)--Diebold reported Monday that its second-quarter revenue of $771.0 million was an increase of 11%, compared with revenue for the same time period last year. Net income was $25.6 million for second-quarter 2008, compared with $26.9 million for the second-quarter 2007. Financial self-service revenue increased 15.1% over the previous period. Diebold also reported that it is in track to achieve its three-year, $100 million cost-reduction target by year-end. The company committed to eliminate an additional $100 million of expenses from its ongoing annual cost structure. Thomas Swidarski, Diebold president/CEO, said demand for Diebold solutions remains strong. One out of every two Opteva full-function ATMs shipped in 2008 has deposit automation technology, a trend Swidarski expects to continue. Diebold is headquartered in North Canton, Ohio, and provides ATMs to credit unions. It is a CUNA Strategic Services provider.
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