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NCR Corporation (NYSE: NCR) plans to release its first quarter 2022 financial results after market close on April 26, 2022. A conference call will follow at 4:30 p.m. Eastern Time on the same day. Participants are encouraged to access the call 15 minutes early for a smooth connection. The conference call will be available for replay on NCR's investor website shortly after its conclusion. NCR is a prominent enterprise technology provider with 38,000 employees, facilitating operations for stores, restaurants, and banking sectors.
NCR Corporation (NYSE: NCR) has successfully partnered with Teachers Federal Credit Union to enhance its digital banking strategy, earning the Celent Model Bank of the Year Award. The collaboration led to increased online and mobile engagement, with the credit union registering 30,000 new members and achieving a Net Promoter Score of 80.17 for its digital banking services. NCR's Digital Banking platform has allowed Teachers to modernize services and expand its offerings, supporting a growth-oriented and innovative approach to member experience.
NCR Corporation (NYSE: NCR) has nominated Laura Sen, former CEO of BJ's Wholesale Club, and Glenn Welling, Chief Investment Officer at Engaged Capital, to its Board of Directors. Ms. Sen brings significant retail technology experience and has led major operational expansions. Mr. Welling has been an investor in NCR for four years, contributing to its transformation into a profitable software and services business. Both nominees are set to stand for election at the annual shareholder meeting on May 2, 2022, enhancing the board's strategic capabilities as NCR continues its growth trajectory.
NCR Corporation (NYSE: NCR) has been recognized as the leading supplier of point-of-sale (POS) software globally in retail and hospitality for the fifth consecutive year, according to RBR’s annual report. NCR holds the largest market share in new POS software deployments, particularly in the fast-growing grocery sector. The report highlights NCR's advanced POS solutions that help retailers enhance customer experiences and adapt to market demands.
NCR Corporation has suspended sales of all products in Russia amid the ongoing military actions in Ukraine. The company expresses its condemnation of the invasion and is providing support to employees and customers in Ukraine. NCR Foundation is donating $200,000 to UNICEF to assist with the refugee crisis, establishing 'Blue Dot' centers for aid at border entry points. Notably, revenue from Russia and Ukraine accounts for approximately 1% of NCR's total revenue.
NCR Corporation (NYSE: NCR) has acquired fintech intellectual property for Open Banking from Spoke Technologies Limited. This strategic acquisition enhances NCR's digital banking services by integrating data capabilities that support personalized customer experiences across the Financial Services sector. Ismail Amla, Executive VP of NCR, emphasized the added value for clients aiming for digital banking growth in international markets. Financial details of the transaction remain undisclosed.
NCR Corporation (NYSE: NCR) partners with Meriwest Credit Union to enhance member experiences and streamline operations through NCR Digital Banking. The collaboration leverages NCR Terafina’s onboarding solution, facilitating membership growth and a consistent omnichannel experience. Members will benefit from automated enrollment and improved financial services across various access points. Meriwest emphasizes simplicity and security in financial transactions, while NCR aims to support institutions in digital transformation for competitive growth.
NCR Corporation (NYSE: NCR) has announced a partnership with STRATACACHE to enhance restaurant branding through digital signage. This collaboration aims to deliver engaging menus and personalized experiences using advanced technology. The integration of STRATACACHE’s digital solutions with the NCR Commerce Platform will enable restaurants to run agile campaigns and improve service efficiency. The partnership addresses challenges in labor and supply chain management, promoting faster service and increased margins in a competitive market.
NCR Corporation (NYSE: NCR) has partnered with Fort Worth-based EECU to enhance its digital banking services. EECU will utilize NCR's ATM as a Service to manage its ATM operations, aiming for greater uptime and a better member experience. The partnership, which has a history of collaboration, seeks to modernize EECU's self-service channels and expand its offerings, including a new business banking platform. With over $3.3 billion in assets, EECU serves the Fort Worth area and plans to leverage NCR's technology to improve member engagement.
NCR Corporation reported a strong financial performance for the full year 2021, with revenue up 15% to $7.16 billion and recurring revenue growth of 25%. Fourth-quarter revenue increased 25% year-over-year to $2.03 billion, driven by substantial gains in the Banking segment. The company generated $1.08 billion in cash flow from operations and reported a GAAP diluted EPS of $0.58. NCR announced a strategic review to evaluate alternatives for enhancing shareholder value. For 2022, NCR forecasts revenue between $8 billion and $8.2 billion, representing a growth of 12% to 15%.
