News

Diebold shifts revenue

March 9, 2006

The Associated Press:Diebold Inc. will defer to future years some election systems revenue and earnings anticipated in service contracts. The adjustment reduced previously announced fourth quarter and full-year 2005 earnings per share by 6 cents per share.

Contracts in a number of areas are likely to result in election systems revenue posted later than expected.

Diebold has since determined that $7 million in fourth quarter 2005 election systems revenue and $4.2 million in net income would need to be recognized in future periods.

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Read also, Diebold completes $300 million debt financing and Diebold's 4Q, full-year revenue climbs while net income drops.