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NCR Corporation will manage nearly half of Bank of Baroda's ATM fleet through its ATM as a Service model. This partnership aims to enhance efficiency, customer experience, and uptime for over 9,800 ATMs, allowing the bank to focus on core operations. Bank of Baroda, with 140 million clients and $163 billion in assets, seeks to innovate digitization and expand transaction options via self-service channels. NCR's solution promises predictable costs and improved service delivery for banking operations.
NCR Corporation (NYSE: NCR) will announce its fourth quarter and full year 2021 financial results on February 8, 2022, after market close. A conference call is set for 4:30 p.m. Eastern Time on the same day, with participants encouraged to dial in 15 minutes prior. The call and materials will be available on NCR's investor website. NCR is a prominent provider of enterprise technology solutions for various sectors, including retail and banking, with a workforce of 38,000 employees globally.
NCR Corporation (NYSE: NCR) partners with Google Cloud to enhance retail technology solutions in response to challenges like COVID-19, labor shortages, and supply chain issues. The collaboration aims to integrate AI and machine-learning into the NCR Commerce Platform, allowing retailers to deliver exceptional in-store experiences. Notable clients like BevMo! are already benefiting from improved customer interactions through cloud-native applications. This partnership emphasizes a digital transformation in retail, aiming for personalized shopping experiences.
NCR Corporation has finalized its acquisition of LibertyX, a prominent cryptocurrency software provider. This acquisition is strategically significant for NCR as it enhances its capabilities in delivering comprehensive digital currency solutions.
LibertyX's platform enables users to buy and sell cryptocurrency and conduct cross-border remittances through ATMs and point-of-sale systems. NCR aims to integrate LibertyX's solutions into its Pay360 platform, enhancing its offerings for banks and retailers without disclosing the financial terms of the transaction.
NCR Corporation (NYSE: NCR) will host a virtual Investor Day 2021 on December 9, 2021, from 9:30 a.m. to 12:30 p.m. Eastern Time. Key executives, including CEO Mike Hayford and CFO Tim Oliver, will present.
Investors can register here. A live webcast will be available in the Investor Relations section of NCR.com for 90 days post-event.
NCR Corporation has partnered with Starbucks EMEA to enhance operational efficiency across 43 markets in Europe, the Middle East, and Africa. The collaboration aims to streamline technology management and improve customer satisfaction. NCR’s Digital Connected Services facilitate real-time monitoring and support, allowing Starbucks employees to prioritize customer experience. This initiative has reportedly reduced management costs and increased technology availability, positively impacting revenue growth for Starbucks while providing NCR with a critical service delivery role.
NCR Corporation (NYSE: NCR), a global leader in enterprise technology, will present at several upcoming investor conferences. The presentations are scheduled for November 16 at 8:00 a.m. ET (RBC Capital Markets), November 18 at 9:45 a.m. ET (Citi Fintech), November 29 at 10:00 a.m. ET (Stephens Investment), and December 1 at 8:15 a.m. ET (BofA Leveraged Finance). A live webcast will be accessible on NCR.com for 90 days after each session.
NCR Corporation reported strong financial results for Q3 2021, with revenue reaching $1.90 billion, a 20% year-over-year increase. Key highlights include a 39% growth in recurring revenue and a significant profit margin expansion, boosted by software and services. The company's adjusted EBITDA rose to 18.5%. However, net income fell to $12 million from $31 million due to extinguishment costs and increased tax expenses. Cash flow from operations improved, totaling $497 million, while free cash flow was $125 million.
NCR Corporation (NYSE: NCR) announced the expansion of its partnership with Royal Farms to implement self-checkout solutions across all of its 250+ stores. This rollout follows the introduction of NCR's self-checkout systems in 2019, gaining traction in 2021 amid growing demand for touch-free interactions. NCR, a leader in retail technology, aims to enhance efficiency and customer experience through this initiative. Market research predicts the self-checkout market will reach 1.2 million units by 2025, with NCR maintaining its position as a leading global provider for 18 consecutive years.
