NCR Posts 3Q/10 Revenue Up 6% Y/Y
NCR Corporation posted 3Q/10 revenue of $1.21 billion, up 6% from 3Q/09, $78 million of which was from continuing operations, compared to the year ago figure of $15 million. The 3Q/10 revenue from continuing operations included $50 million in pension expense, $39 million of income tax benefit and $6 million of incremental costs directly related to the relocation of the Company’s global headquarters. These results were thanks to EMEA revenue up 10% from 3Q/09; APJ regional revenue up 5% year-over-year; Americas revenue up 4% since the year ago period; and income from operations up $34 million by 29% from $29 million in 3Q/09. The Company also posted $360 million in cash and cash equivalents, an $87 million decrease from the $447 million the prior quarter and is projecting full-year 2010 revenues to increase in the range of 2 to 5% since the year ago period with full year 2010 Income from Operations of between $92 million to $102 million and GAAP diluted earnings per share from continuing operations of between $0.65 and $0.73. Client developments disclosed NCR began installing its “Solidcore Suite” for APTRA across Unicredit Bank’s entire multivendor ATM network across Russia; Barclays Bank implemented NCR’s outsourced management and maintenance services for its U.K. network of 550 remote and host-operated ATMs in a two-year agreement; and NCR introduced its “RealPOS 40” and “RealPOS 60” POS payment terminals.
REV ($) 3Q/09 VS 3Q/10
TOTAL : 1.14B 1.21B
Products : 541MM 600MM
Services : 594MM 607MM
Cost Prd : 433MM 475MM
Cost Srv : 478MM 486MM