Euronet says revenue growth would have been stronger if not for strong USD
CEO Michael Brown says: "This strong result was made possible by revenue and operating income contributions from all three segments, together with certain income tax benefits. We are particularly pleased with the strength of the revenue growth, which would have been between $15M and $20M higher had foreign currencies not depreciated against the U.S. dollar since the beginning of the year. EFT delivered strong double-digit growth across all metrics driven by their continued investment in ATM and product expansion together with the global expansion of Visa DCC. epay's double-digit operating income growth was the result of the continued expansion of digital media products. Money Transfer delivered solid results with continued success in both the physical and digital channels."