Record Revenue and Earnings Growth
Second quarter revenue of $897 million and adjusted earnings of $0.45 per share exceeded expectations, marking the highest quarterly results over the past 5 years. Revenue increased by 5%, driven by strong growth from large corporate customers in the Americas and 13% revenue growth in the International segment.
Strong Order Growth
Orders grew by 6% in the second quarter, including 8% growth in the Americas. This was driven by continued growth from large corporate customers, particularly in the financial services and technology sectors.
Profitability Improvements
The Americas segment delivered an adjusted operating margin of 11%, while International segment adjusted operating results improved by $5 million compared to the prior year.
Positive Trends in International Markets
International segment posted 13% revenue growth, with especially strong results from India. Asia Pacific performed better than expected, with China showing demand improvement for the last couple of quarters.