Zebra sees growth in financial, utilities, retail in Latin America in Q3, CFO says

Wednesday, November 9, 2011

US specialized printing equipment and RFID solutions supplier Zebra Technologies (Nasdaq: ZBRA) experienced growth in certain Latin American verticals such as financial services, utilities and retail during the third quarter of the year, company CFO Mike Smiley told a conference call with investors.

"Desktop card and tabletop printers performed particularly well in the region," the executive said.

"Improved regional sales coverage lead to shipments of card printers for on-demand credit card printing in Venezuela, as well as mobile printers for beverage distribution and tabletop printers for higher manufacturing activity in Mexico," company CEO Anders Gustafsson said.

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Latin America accounted for 9.5% of the company's global sales for the quarter, compared to 9.0% in the same quarter in 2010. Global revenues during the quarter hit US$253mn, up 10% on US$230mn a year ago.