Revenue during the quarter went down marginally by 0.01 percent to $733.40 million from $733.50 million in the previous year period. Gross margin for the quarter expanded 10 basis points over the previous year period to 25.57 percent. Total expenses were 95.81 percent of quarterly revenues, up from 92.20 percent for the same period last year. That has resulted in a contraction of 361 basis points in operating margin to 4.19 percent.

Operating income for the quarter was $30.70 million, compared with $57.20 million in the previous year period.

"The company delivered solid performance during the second quarter," said Andy W. Mattes, Diebold president and chief executive officer. "We continued to build momentum with customers while effectively executing on our transformation plan. Our financial self-service revenue growth is outpacing the market, as customers value our collaborative approach to innovation and our broadened solutions set in services and software."

Operating cash flow remains negative
Diebold, Incorporated has spent $99.20 million cash to meet operating activities during the first half as against cash outgo of $91.80 million in the last year period.

The company has spent $83.20 million cash to meet investing activities during the first half as against cash inflow of $92.30 million in the last year period It has incurred net capital expenditure of $22.50 million on net basis during the first six months, up 158.62 percent or $13.80 million from year ago period.

Cash flow from financing activities was $122.60 million for the first six months, up 4,278.57 percent or $119.80 million, when compared with the last year period.

Cash and cash equivalents stood at $244.40 million as on Jun. 30, 2015, up 9.65 percent or $21.50 million from $222.90 million on Jun. 30, 2014.

Working capital increases
Diebold, Incorporated has recorded an increase in the working capital over the last year. It stood at $692.80 million as at Jun. 30, 2015, up 5.63 percent or $36.89 million from $655.90 million on Jun. 30, 2014. Current ratio was at 1.69 as on Jun. 30, 2015, up from 1.62 on Jun. 30, 2014.

Cash conversion cycle (CCC) was almost stable at 91 days for the quarter, when compared with the last year period. Days sales outstanding went up to 68 days for the quarter compared with 63 days for the same period last year.

Days inventory outstanding has decreased to 71 days for the quarter compared with 75 days for the previous year period. At the same time, days payable outstanding was almost stable at 48 days for the quarter, when compared with the previous year period.

Debt moves up
Diebold, Incorporated has witnessed an increase in total debt over the last one year. It stood at $669.90 million as on Jun. 30, 2015, up 21.02 percent or $116.36 million from $553.54 million on Jun. 30, 2014. Total debt was 27.96 percent of total assets as on Jun. 30, 2015, compared with 22.92 percent on Jun. 30, 2014. Debt to equity ratio was at 1.37 as on Jun. 30, 2015, up from 28.53 as on Jun. 30, 2014. Interest coverage ratio deteriorated to 4.04 for the quarter from 7.24 for the same period last year.