DAYTON, Ohio -- NCR Corporation announced a net loss of $5 million, or a loss of five cents per diluted share, for the first quarter ended March 31, 2000. Without the impact of charges related to the October 1999 restructuring, net income is $6 million, or 6 cents per share, compared to $3 million or 3 cents per share in the prior year.
Consensus analysts' expectation for the quarter was five cents per share.
Overall revenues were $1.26 billion compared to $1.33 billion a year ago, down 6 percent. The abnormal quarterly revenue distribution in 1999 caused a difficult first-quarter comparison that will get progressively easier as the year advances.
Data Warehousing revenues jumped 73 percent to $195 million compared to $113 million in the first quarter of 1999, the highest gain on record. Revenues in products and services that have been de-emphasized or restructured decreased by 33 percent, to $164 million from $245 million.
Revenues from remaining solutions increased slightly to $1.091 billion from $1.088 billion. Currency had a negative 2 percent impact on overall revenues.
Specifically, Retail Store Automation declined 26 percent, primarily due to a difficult prior year comparison and a slow start after the Y2K transition. The momentum improved significantly as the quarter progressed. Financial Self Service revenues were up 1 percent and up 5 percent on a local currency basis.
Customer Services Maintenance revenues were down 7 percent, due to overall revenue declines and the abrupt conclusion of commodity hardware maintenance revenues at the end of 1999. Systemedia revenues were up 1 percent. Other solutions revenues were down 33 percent.
The decline reflects reduced sales emphasis after the fourth quarter 1999 restructuring announcement. The prior year results include revenues from exited solutions.
Related Content
Sponsored by:
Features
Sponsored by:
News
Blogs
User Comments
- No data available.
Sponsored by:
