Euronet CEO: optimistic that epay will soon contribute more to earnings growth

theflyonthewall.com

CEO Michael J. Brown commented: "I am pleased with our 32% constant currency operating income growth in the quarter. The EFT and Money Transfer Segments delivered exceptional 80% and 38% constant currency operating income growth, respectively. While we continue to see decreases in the epay Segment vs the same quarter last year, the segment's results improved sequentially, posting revenue and operating income growth of 4% and 1%, respectively. We are optimistic that epay will soon contribute more to earnings growth as we continue to refocus our sales initiatives, introduce more non-mobile content and roll-out additional value added services."

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