Western Union 2008 Annual Report Download - page 3

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Dear
Fellow
Shareholders,
I am proud to report that in 2008 Western Union
grew market share and delivered record levels of
revenue and cash flow. Revenue was $5.3 billion;
we generated $1.25 billion in cash flow from
operations and handled $67 billion in cross-border
consumer-to-consumer (C2C) remittances. We also
delivered an operating income margin of 26% for the
year. In 2008, our share of the global cross-border
remittance market increased to 17%.
(1) Clearly, we made
good progress in our core business and there is
a long runway of opportunity ahead.