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Checkpoint reports 22.4% increase in revenue
07 May '08
3 min read
We continued to build our reputation in the marketplace as a leading provider of shrink management solutions and services, while at the same time maintaining our focus on controlling our operating expenses."
Mr. van der Merwe continued, "First quarter revenue growth on a constant dollar basis was primarily driven by our acquisitions of the Alpha S3 product portfolio, SIDEP and Asialco, as well as a 34% increase in sales in our U.S. CCTV systems integration business and a 36% increase in our CheckNet service bureau business in the U.S. Excluding acquisitions, EAS hardware sales increased 7% overall."
"We made progress against our plans to grow our business through technological leadership," continued Mr. van der Merwe. "During the quarter, Checkpoint debuted Evolve, our new, state-of-the-art shrink management platform.
Evolve is our next-generation suite of RF and RFID enabled products that enables retailers to take shrink management to the next level through a combination of enhanced system performance and reliability and reduced cost of ownership.
With a compelling value proposition and state-of-the-art technology, this new solution enables Checkpoint to sell products to a wider array of new customers, and also generates new opportunities for increased sales to existing customers."
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Mr. van der Merwe continued, "First quarter revenue growth on a constant dollar basis was primarily driven by our acquisitions of the Alpha S3 product portfolio, SIDEP and Asialco, as well as a 34% increase in sales in our U.S. CCTV systems integration business and a 36% increase in our CheckNet service bureau business in the U.S. Excluding acquisitions, EAS hardware sales increased 7% overall."
"We made progress against our plans to grow our business through technological leadership," continued Mr. van der Merwe. "During the quarter, Checkpoint debuted Evolve, our new, state-of-the-art shrink management platform.
Evolve is our next-generation suite of RF and RFID enabled products that enables retailers to take shrink management to the next level through a combination of enhanced system performance and reliability and reduced cost of ownership.
With a compelling value proposition and state-of-the-art technology, this new solution enables Checkpoint to sell products to a wider array of new customers, and also generates new opportunities for increased sales to existing customers."
Click here to view more:
Checkpoint Systems Inc
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