automation equipment are weathering the global financial turmoil
well, as solid third quarter 2008 results from major market players
NCR and Diebold indicate.
new products in its history during the quarter, revenue increased
by 8 percent compared with the third quarter of 2007 to $1.38
billion while net profit excluding non-recurring items improved by
28 percent to $92 million.
In its results release, NCR noted that
particularly strong demand emanated from China and Japan, with
total revenue from the Asia-Pacific region up 14 percent to $257
million.
The America’s also produced reasonable growth,
revenue from the region lifting 9 percent to $620 million. Revenue
from the Europe, Middle East and Africa region improved by a
marginal 4 percent to $502 million.
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Optimistic on the outlook for the remainder of
2008, NCR has lifted its target for full-year revenue growth to
between 8 and 9 percent from between 6 percent and 8 percent.
Among NCR’s most successful products has been its
new NCR SelfServ ATM, of which 8,000 units had been ordered by 230
customers in the first nine months of 2008. The US manufacturer
also reported good acceptance of its new MediKiosk solution
specifically designed for China’s healthcare market. MediKiosk
connects to China’s Hospital Information System and allows patients
to register, pay bills and print invoices.
Also enjoying strong demand from China was
Diebold, which anticipates that revenue from that country will
increase by over 20 percent in 2008.
Overall the US company produced excellent results
in the third quarter, lifting total revenue by 20 percent compared
with the same period in 2007 to $890 million. Net earnings improved
by 65 percent to $46.5 million.
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By GlobalDataDiebold noted that orders for financial
self-service solutions grew by over 20 percent in the third quarter
of 2008. However, orders for security equipment were down in the
“low double-digit range”, a result of low levels of new bank branch
construction and retail store openings in the US. Overall orders
were up in the “low double-digit” range.
On a cautious note, Diebold CEO Thomas Swidarski
noted that, despite the company’s solid order position, turmoil in
financial markets made it difficult to assess prospects for
2009.
