Diebold Inc. announces its third quarter results, which include solid growth in earnings and revenue. For the quarter ended Sept. 30, Diebold reports net income of $34.9 million, or diluted 49 cents per share, on revenue of $480 million. Excluding the effect of the acquisitions in Europe and Brazil, earnings per share were 50 cents, compared to third-quarter 1999 net income of $32.6 million, or diluted 47 cents per share on revenue of $312.8 million. For the nine months ended Sept. 30, Diebold reports net income of $102 million, or diluted $1.43 per share, on revenue of $1.3 billion.
“We had a solid third quarter with growth in our core business and market share gains in products and services,” says Walden W. O’Dell, Diebold chairman, president and CEO. “In North America, we are very excited about opportunities in markets where we can generate recurring revenue, such as the retail ATM franchising program. These types of opportunities offer much better long-term growth potential than simply selling hardware.” Diebold is a global provider of security solutions, and integrated self-service delivery systems and services.
