NCR CORPORATION Stock Price, News & Analysis

NCR Corporation (NYSE: NCR) will announce its Q1 2023 financial results on May 4, 2023, after market close. A conference call to discuss these results is scheduled for 4:30 p.m. Eastern Time the same day. Participants are encouraged to join 15 minutes early for optimal connectivity. The call can be accessed via toll-free number 888-820-9413 or local number +1 786-460-7169, with passcode 8001995. The materials associated with the call will be available on the NCR Investor Relations website shortly after the event. NCR specializes in technology platforms for self-directed banking and retail, employing approximately 35,000 people globally.

NCR reported a data center outage on April 13, attributed to a ransomware attack affecting some Aloha cloud-based services and Counterpoint functionalities. The company confirmed that this incident does not involve customer systems, ATM, digital banking, or payment processing. NCR is actively engaging cybersecurity protocols and external experts to manage and recover from the incident. While restaurant transactions continue, the operational capabilities of affected customers have been limited. The ongoing investigation aims to restore functionality and enhance cybersecurity measures.

NCR Corporation (NYSE: NCR) has expanded its partnership with Payfare Inc. (TSX: PAY), enhancing self-service financial solutions for Payfare's cardholders in the United States. The collaboration will provide cash access capabilities for gig economy workers, allowing them to perform both cash in and cash out transactions at Allpoint+ ATMs. Payfare, which serves major platforms like DoorDash and Lyft, has been utilizing NCR’s Allpoint ATM network to offer surcharge-free access. The extended partnership aims to improve convenience and efficiency for gig workers with innovations like NCR Pay360, enabling cash withdrawals without a physical debit card. Key executives expressed confidence in the partnership's potential to deliver better financial services to gig workers.

NCR Corporation (NYSE: NCR) has extended and expanded its long-term agreement with Walgreens, positioning itself as the provider of ATM services across nearly all Walgreens locations in the U.S., Puerto Rico, and the District of Columbia. The expanded partnership includes more than 1,300 Allpoint+ ATMs, allowing cash-in transactions. Additionally, NCR ATMs will enable consumers to purchase bitcoin through the LibertyX platform, enhancing service offerings. The NCR Pay360 mobile platform will also be integrated, offering a seamless cash transfer experience. This agreement aims to enhance financial service accessibility for Walgreens customers.

NCR Corporation (NYSE: NCR) announced its financial results for the year ended December 31, 2022. The company achieved a 10% increase in full-year revenue, totaling $7.8 billion, and a 16% rise in recurring revenue at $4.8 billion. However, net income fell 34% to $64 million, with GAAP diluted EPS down 41% to $0.34. For 2023, NCR forecasts revenue between $7.8 billion to $8.0 billion and an Adjusted EBITDA of $1.45 billion to $1.55 billion. The company is also progressing on its plan to separate into two publicly traded entities, focused on digital commerce and ATMs, aiming for completion by the end of 2023.

NCR Corporation (NYSE: NCR) is set to announce its fourth quarter and full year 2022 financial results on February 7, 2023, after market close. A conference call is scheduled for 4:30 p.m. Eastern Time the same day, with participants encouraged to join 15 minutes early for connection purposes. Investors can access the call and related materials via the NCR investor website. The company is recognized for its technology platforms serving banking, retail, and restaurant sectors, employing approximately 38,000 people worldwide.

NCR Corporation (NYSE: NCR) has partnered with United Heritage Credit Union (UHCU) to implement its ATM as a Service (ATMaaS) solution. This collaboration will enable UHCU to streamline ATM operations, enhance member services, and improve overall efficiency. Samantha Hess, COO of UHCU, highlights that the partnership frees their team to focus more on member experience rather than ATM management. Don Layden, EVP at NCR, emphasizes that NCR's comprehensive ATMaaS offerings will elevate the member experience through effective cash management and software support. The ATMaaS model continues to gain traction among financial institutions aiming for greater operational efficiency.

NCR Corporation (NYSE: NCR) has been recognized as the top global point of sale (POS) software vendor according to RBR's Global POS Software 2022 report. NCR holds a 15% share of the global POS software market, ranking first among retailers and restaurant operators, and is the largest supplier in the Grocery+ category. Since 2016, NCR has consistently led the market in POS installations, with nearly two million new deployments expected by 2027. The report analyzed over 1,000 POS installation projects globally, indicating NCR's strong market position and potential for continued growth in the POS sector.