NCR Profit Up in Q3

Staff Report From Georgia CEO

Wednesday, October 28th, 2015

NCR Corporation reported financial results today for the three months ended September 30, 2015.

"Consistent execution across NCR delivered third-quarter earnings in line with our expectations and puts us in position to achieve our full year objectives for earnings and free cash flow," said Chairman and CEO Bill Nuti. "Revenue was up 5% on a constant currency basis with improving growth in software and services. Despite a worsening FX environment and challenging geographies, our Financial Services business experienced continued demand for our omni-channel software solutions, including cloud applications, as well as our branch transformation offers. In Retail Solutions, we are executing better in a moderately improving retail environment and generated solid results. And, our Hospitality Division had a very good quarter, led by software and cloud growth. I am most pleased about our improving free cash flow execution, both in terms of quarterly linearity and overall operational results. In a consolidating industry, we believe our competitive position can significantly improve given our industry aligned strategy, rich software portfolio, cloud and mobile first applications, global Services excellence, and unmatched hardware platforms. Given recent industry developments we are particularly excited about our business opportunities ahead."

Q3 Financial Summary

 

 

 

 

 

 

 

 

 

Third Quarter

$ in millions, except per share amounts

 

 

 

2015

 

 

 

2014

 

 

 

As
Reported

 

 

 

Constant
Currency

Revenue

 

 

 

$

1,613

 

 

 

$

1,647

 

 

 

(2

)%

 

 

 

5

%

Income from operations

 

 

 

$

168

 

 

 

$

41

 

 

 

310

%

 

 

 

 

Non-pension operating income

 

 

 

$

218

 

 

 

$

204

 

 

 

7

%

 

 

 

15% **

Diluted earnings per share

 

 

 

$

0.59

 

 

 

$

 

 

 

100

%

 

 

 

 

Non-GAAP diluted earnings per share

 

 

 

$

0.78

 

 

 

$

0.67

 

 

 

16

%

 

 

 

25% **