If cash is dead, how is Cardtronics making so darned much of it?
Under the leadership of Andy Mattes, the company has pulled up its bootstraps and taken important strides toward a turnaround.
Trying times in critical markets set the stage for a predictably subdued quarterly performance by the European ATM giant.
Hardware and banking sales sagged, but increases in retail and software earnings took up the slack, CEO Eckard Heidloff said in the company's annual press conference.
IADs Cardtronics and Euronet churned out double-digit revenue increases; Diebold continued its turnaround; NCR grew revenues, but missed expectations.
In separate earnings calls, CEOs of both NCR and Diebold chose the same term to describe their quarterly revenues, up 8 and 3.7 percent respectively.
With profits up 25 percent year-over-year, Cardtronics is looking like a company with plenty of blue sky ahead.
Results were 'close enough for horseshoes and hand grenades,' but Wall Street wanted more from both ATM brands.
An increase of 26 percent in ATM orders for Q4 2013 generates 'some good momentum' going into 2014.
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Third quarter news was mostly good for NCR, but the U.S. hardware market hurt its financial services business.
Diebold anticipates that the acquisition will accelerate its transformation into a services-led, multivendor software-enabled company.
Reorganizing the business around its merchant-owned and distributor customer base in the U.S. will focus resources closer to customers, the company says.
Financial services remain a bright spot, but worsening market conditions in retail have prompted the company to dial back its earnings forecast.
The deal brings approximately 7,350 company-owned and 19,000 merchant-owned ATMs to Cardtronics, expanding the company's global portfolio to 111,150 units.
The purchase will bolster FIS’ global payments capabilities and enhance its abilities to deliver differentiated enterprise payments solutions, the company said.
The company expects flat earnings year over year, but still expects EBITA to grow on sale of Singapore facility.
The combined company will boast a global portfolio of 109,600 ATMs, including 92,500 retail ATMs in the United States.
Diebold Inc. today announced an agreement to acquire Copenhagen, Denmark-based Cryptera A/S, specialists in secure payment technology — particularly encrypting PIN pads. As a top supplier of PIN pads for ATMs, petrol pumps, self-service and self-checkout devices, Cryptera will help...
Diebold Inc. has announced the decision to elevate interim principal financial officer Christopher A. Chapman to the position of CFO.
Vantiv Inc., a provider of payment processing services and related technologies, has agreed to acquire Mercury Payment Systems LLC for $1.65 billion. Mercury payment technology solutions are embedded into point-of-sale software applications; the company is majority-owned by technology investing firm...
Wincor Nixdorf AG finished out the first six months of its fiscal year 2013/2014 with a decline in net sales and growth in operating profit.
Net sales fell by 3 percent to €1,230 million/$1.70 billion (previous year: €1,266 million/$1.75 billion). Operating profit rose by 3 percent to €68 million/$94 million (€66 million/$91 million).
Fiserv Inc. reported financial results for the first quarter of 2014 last week with increases across the board.
"Our strong results in the quarter included 8 percent internal revenue growth in the Payments segment, and excellent operating performance across the company," said Fiserv president and CEO Jeffery Yabuki.
Leawood, Kan.-based Euronet Worldwide Inc., an electronic payments provider, reported first quarter 2014 financial results yesterday. And the results were positive across the board. Euronet reported the following consolidated results for Q1 2014 compared with the same period of 2013:...
One down, one to go: Late Monday afternoon, NCR Corp. announced a definitive agreement to acquire Digital Insight Corp., a provider of online and mobile banking solutions, for $1.65 billion. At the same time, the company announced the completion of...
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International security solutions group G4S PLC, a provider of ATM and cash management services, has "firmly rejected" an offer from Charterhouse Capital Partners LLP for its cash solutions business. In a news release, G4S said it received the non-binding, indicative and conditional offer of £1.55 billion ($2.13 billion) on Oct.