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NCR Corporation (NYSE: NCR) plans to split into two independent companies focusing on digital commerce and ATMs, aimed for the end of 2023. This tax-free separation seeks to enhance shareholder value by allowing each entity to pursue distinct growth strategies. The digital commerce division will emphasize software-led solutions to innovate in global retail and banking, while the ATM unit focuses on cash-generating services and recurring revenue models. The decision follows a strategic review and reflects current market conditions related to financing options.
NCR Corporation (NYSE: NCR) has expanded its partnership with Wendy’s to enhance data services through its NCR Commerce Platform. This platform streamlines access to sales, cash management, and transaction data for Wendy’s franchisees and corporate users, allowing for real-time decision-making. Wendy’s aims to further utilize this platform for additional cloud services to analyze store performance and identify operational trends. NCR’s technology supports over 100,000 restaurant sites worldwide, focusing on delivering a comprehensive solution from order to payment.
NCR Corporation (NYSE: NCR) has announced a strategic partnership with the Bank of New Zealand (BNZ) to enhance its ATM services. Under this partnership, NCR will manage BNZ's off-site cash dispense ATM fleet and its on-premise NCR SelfServ™ ATMs.
With this collaboration, BNZ aims to elevate self-service banking and ensure 24/7 access to transaction services for customers. NCR's extensive experience in ATM management and digital technology aims to simplify banking experiences across the country.
NCR Corporation (NYSE: NCR) reported a 19% revenue increase for Q2 2022, totaling $2.0 billion, driven by a 31% rise in recurring revenue. The company achieved GAAP diluted EPS of $0.22 and non-GAAP diluted EPS of $0.71. Strategic growth initiatives are underway as NCR transitions to a software-led, as-a-service model. The gross margin was $471 million with a non-GAAP margin rate of 25.7%. The board is exploring strategic alternatives to enhance shareholder value, but no timeline has been established for this review.
NCR Corporation (NYSE: NCR) announced a partnership with Stater Bros. Markets to utilize the NCR Commerce Platform for reducing infrastructure complexity and enhancing customer experiences. Stater Bros., California's largest privately owned supermarket, has adopted the NCR Emerald POS solution to streamline operations across its 171 stores, achieving a rapid rollout of new capabilities in just 15 weeks. This collaboration aims to improve data insights and shopping experiences as consumer needs evolve, reinforcing NCR's commitment to innovation in retail technology.
NCR Corporation (NYSE: NCR) will release its second quarter 2022 financial results after the market closes on July 27, 2022. A conference call to discuss these results is scheduled for 4:30 p.m. Eastern Time. Participants are advised to join the call 15 minutes early. The call will be accessible through a toll-free dial-in number, 888-820-9413, and it will also be available for replay shortly after the event on their investor relations website.
NCR Corporation (NYSE: NCR) announced that Treasurer & Head of Investor Relations Michael Nelson will participate in a fireside chat at the RBC Capital Markets Financial Technology Conference. The event is scheduled for June 14 at 2:20 p.m. Eastern Time. A live webcast and replay will be available for 90 days following the conference.
NCR, a leading enterprise technology provider based in Atlanta, operates across sectors including retail, restaurant, and self-directed banking, employing 38,000 people globally.
NCR Corporation (NYSE: NCR) announced that Allegacy Federal Credit Union will implement NCR and Google Cloud's data warehousing to enhance data utilization. This collaboration aims to unify siloed data sources, enabling strategic marketing decisions and improved customer service. Allegacy will provide its members with insights for better financial management. NCR emphasizes the importance of real-time data for personalized member experiences. The initiative reflects a growing trend among financial institutions to leverage cloud technology for data-driven decision-making.
NCR Corporation has unveiled its Aloha Cloud, a state-of-the-art cloud-based point of sale (POS) system aimed at reinventing restaurant technology. This innovative solution features a user-friendly interface, the industry’s smallest handheld device, and next-day payment processing. Designed to enhance operational efficiency, Aloha Cloud allows seamless integration with third-party delivery services, enabling restaurants to streamline operations. Trusted by over 100,000 restaurant sites globally, NCR aims to enhance guest experiences while driving growth in the restaurant sector.
NCR Corporation (NYSE: NCR) reported a strong first-quarter revenue of $1.86 billion, marking a 21% increase year-over-year, despite challenges from inflation, the Omicron variant, and geopolitical tensions. Recurring revenue surged 35% to $1.18 billion, reflecting successful growth initiatives in Payments, Digital Banking, and Hospitality. However, GAAP diluted EPS fell to $(0.27), resulting in a net loss of $33 million. The company adjusted its full-year guidance downwards, anticipating revenue between $8 billion to $8.2 billion and Adjusted EBITDA of $1.4 billion to $1.5 billion.
