May 23, 2013
Diebold (NYSE: DBD) is one of the largest manufacturers of ATM machines. The company also makes security products such as vaults, alarms, and safes, and has an election systems business that is based in Brazil. The company sells most of its products to banks, financial institutions, government agencies, and public libraries among others. In 2009, the company generated $2.7 billion in revenue and $29 million in net income.[1]
Since 1995, the number of Americans that use ATM cards has jumped from 35 to over 65 percent. Also, rapid economic growth in China, Latin America and the Middle East has lead to expansion of the banking industry in those countries. The rapid growth of the banking industries in India and China as well as a movement towards self-service technology (ATMs, internet banking) have provided a quickly growing market for Diebold's products.
(Read more at Wikinvest
) - Company Overview
- Products[2]
- Self-Service
- Security
- Election Systems
- Customers
- Business Segments[3]
- Business Growth
- FY 2009 (ended December 31, 2009)[1]
- Trends and Forces
- Increased Demand for ATM's Means Increased Business for Diebold
- Self-Service Movement
- Proliferation of Identity Theft
- Competition
- ATM Competitors
- Voting Machine Competitor
- References
