NORTH CANTON, Ohio – ATM maker Diebold Inc.’s second-quarter earnings jumped 27% to $26.5 million, as revenue growth from Latin America helped the maker of bank teller machines, security systems and equipment.
Revenue rose 12% during the period to $743.2 million.
Diebold said it saw 30% revenue growth in the Latin America/Brazil region in the quarter.
“Strong financial self-service growth in deposit automation with national account customers, and the previously anticipated reduction in regional account activity with the passing of the Americans with Disabilities Act compliance deadline, resulted in a less profitable mix of business,” said Thomas Swidarski, CEO of Diebold.
For the first six months of the fiscal year Diebold reported a 13% rise in revenue to $1.44 billion and an almost tripling in net income to $71.7 million.