Total revenues for the first quarter of 2011 was $1.28bn, compared to $1.23bn for the corresponding quarter of the 2010.
Consumer-to-consumer (C2C) reported and constant currency revenue increase of 5% on transaction growth of 7%; C2C represented 84% of company revenues.
Europe, Middle East, Africa and South Asia (EMEASA) region revenue increase of 2% on transaction growth of 4%. Americas region revenue increase of 6% on transaction growth of 8%, and Asia Pacific (APAC) region revenue increase of 14% on transaction growth of 11%.
The C2C operating margin of was 28.6% for the first quarter of 2011, compared to 27.4% in prior year.
Restructuring expenses were $24m, or $16 million after-tax, related to organizational changes and other actions as previously disclosed by the Western Union.
Western Union president and CEO Hikmet Ersek said that the first quarter results demonstrate the benefits of its diversified business, with presence in more than 200 countries and territories.
"Strong revenue growth in Asia Pacific and solid increases in the Americas and much of Europe helped deliver another good quarter. Our US domestic money transfer growth trends continued, bill payments revenue declines slowed, and Western Union Business Solutions provided strong growth," Ersek said.
