Pendum

It's earning season, and several companies in the ATM market announced third quarter results this week.

Diebold Inc.

Diebold reported its third quarter results and revised its earnings estimates downward. The company said the revisions are due to factors in Brazil as well as changes to its business in North America.

Total revenue for the quarter was $709.9 million, a slight increase (0.1 percent) from the same period last year. Net income from continuing operations, however, was $17.4 million, or $0.27 per diluted share. That's down considerably from Q3 2011 net income of $41.8 million, or $0.65 per diluted share.

"While our business in the third quarter remained sound, as we generated slight revenue increases off a very strong prior-year period, our profitability was negatively affected by a number of factors," said Thomas W. Swidarski, Diebold president and CEO. "Profit fell off considerably in Brazil, due to the year-over-year decline in the cyclical voting business there. While our business remains robust in North America, a greater-than-expected shift in revenue mix significantly impacted profit margin on several sub-components of the business during the quarter. In addition, increased investments in our service infrastructure and timing of customer projects negatively impacted service margins."

Swidarski said the company has several initiatives to address costs over the long-term.

NCR Corp.

NCR reaffirmed it is on target with projected earnings.

NCR's revenue for the quarter was $1.44 billion, a 6 percent increase over the same period last year. Income from continuing operations was $58 million, or $0.35 per diluted share. That compared to $23 million, or $0.14 per diluted share, in the third quarter of 2011.

"Steady execution during the third quarter resulted in solid financial results, keeping us on track to deliver in line with our full- year financial and business objectives," said Bill Nuti, chairman and CEO of NCR.

Nuti said NCR's focus on driving transformative change in how consumers and businesses interact and transact is resonating. He also cited strong support for its Scalable Deposit Module and APTRA Interactive Teller in financial services as well as its new NCR Silver POS platform for smaller retailers.

"As we continue to drive accelerated revenue growth we are also improving our profitability profile by expanding our higher margin global services business and increasing contributions from software and SAAS offerings," Nulti said. He added that NCR announced the second phase of its pension management strategy during the quarter, which should strengthen shareholder returns.

Euronet Worldwide Inc.

Euronet said its third quarter results also were up compared to last year. The company reported that revenues for the quarter were $316.4 million, an increase of 6 percent over Q3 2011. Operating income was $24.2 million, up 20 percent over last year.

"I am pleased with our 32-percent constant currency operating income growth in the quarter," said Michael J. Brown, Euronet's chairman and CEO. "The EFT and Money Transfer Segments delivered exceptional 80-percent and 38-percent constant currency operating income growth, respectively."

Brown said that while Euronet continues to see decreases in the e-pay segment versus the same quarter last year, the segment's results improved sequentially, posting revenue and operating income growth of 4 percent and 1 percent, respectively.

"We are optimistic that epay will soon contribute more to earnings growth as we continue to refocus our sales initiatives, introduce more non-mobile content and roll-out additional value added services," Brown said.

For more stories like this, visit the trends/statistics research center.

Related Content

User Comments – Give us your opinion!
Products & Services

EMV and Payments Online Training Classes from Paragon Application …

http://global.networldalliance.com/new/images/products/6533.png

6533/EMV-and-Payments-Online-Training-Classes-from-Paragon-Application-Systems

NCR Intelligent Deposit

http://global.networldalliance.com/new/images/products/822.png

822/NCR-Intelligent-Deposit

ATM Configuration and Testing Software - ATMulator™ Plus

http://global.networldalliance.com/new/images/products/ATMulator_logo_100.gif

863/ATM-Configuration-and-Testing-Software-ATMulator-Plus

High Quality ATM

http://global.networldalliance.com/new/images/products/4148.png

4148/High-Quality-ATM

CardWorld Fraudtrap

http://global.networldalliance.com/new/images/products/5617.png

5617/CardWorld-Fraudtrap

KAL K3A – The Kalignite Advanced ATM Application

http://global.networldalliance.com/new/images/products/Kalignite_K3A_100.gif

3734/KAL-K3A-The-Kalignite-Advanced-ATM-Application

OptConnect Wireless Modem for Dial-up & IP ATMs (The OC-500)

http://global.networldalliance.com/new/images/products/4099.png

4099/OptConnect-Wireless-Modem-for-Dial-up-IP-ATMs-The-OC-500

Accessible and Cost Competitive - Retail ATM E300L

http://global.networldalliance.com/new/images/products/E300L.png

836/Accessible-and-Cost-Competitive-Retail-ATM-E300L

Physical & Electronic Security

http://global.networldalliance.com/new/images/products/779.png

779/Physical-Electronic-Security

joono

http://global.networldalliance.com/new/images/products/4675.png

4675/joono

NCR
Media Kit
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.