NCR Corp. reported financial results late last week for the three months ended Dec. 31, 2012. Revenue of $1.64 billion represented a 3 percent increase over Q4 2011.

"NCR delivered outstanding results in 2012, driven by good business execution, consistent innovation, and successful expansion in new business verticals including hospitality and emerging industries," said Bill Nuti, chairman and CEO of NCR. "We continued to steadily advance the contribution of software and services to our revenue mix, which drove gross margin expansion and higher profitability, while continued focus on efficiencies and costs further improved our operating performance."

Financial services

The company's financial services segment generated fourth quarter revenue of $912 million compared with $908 million in the fourth quarter of 2011. This increase was driven primarily by growth in the Europe and Asia Middle East Africa theaters, and was offset by declines in the Americas theater.

Operating income for Financial Services was $98 million in the fourth quarter of 2012 as compared with $108 million in the fourth quarter of 2011. The decrease in operating income was driven by increased mix of revenues from emerging markets and continued investment in services and research and development.

Q4 highlights

  • NCR announced a five-year deal with ANZ banks in Australia to help overhaul its ATM network with the deployment of 800 NCR SelfServ ATMs.The new fleet includes Scalable Deposit Module technology, which enables ATMs to accept, count and process cash and checks simultaneously in one transaction.
  • Capitol Federal Savings Bank agreed to deploy 69 NCR SelfServ ATMs with SDM technology across its ATM network. Capital Federal will also install Solidcore suite for APTRA.
  • Salin Bank & Trust Co. is set to begin the largest installation to date of APTRA Interactive Teller; Wright-Patt Credit Union agreed to deploy 19 APTRA Interactive Teller ATMs across its network; LowellBank, a Lowell, Massachusetts FI, is installing APTRA Interactive Teller at remote sites throughout its surrounding region.
  • NCR's recent acquisition of uGenius Technology, a pioneer in video banking software, should further aid the growth of the APTRAInteractive Teller solution, The acquisition offers opportunities for NCR to leverage other uGenius technologies to expand the delivery of video banking to multi-channel solutions across its industry verticals.
  • SunTrust Banks, Anheuser-Busch Employees' Credit Union, and American Eagle Credit Union have committed to deploy NCR's APTRA Passport software. The solution allows FIs to capture and consolidate business and consumer check deposits made from branches, ATMs, businesses, homes and mobile phones directly into back-office processing.
  • Vantiv has certified NCR's APTRA multi-vendor ATM software, which is designed to help FIs of all sizes achieve the benefits of a single software platform. The Vantiv network drives more than 12,000 ATMs for financial institutions across the U.S.

2013 outlook

NCR expects full-year 2013 revenues to increase in the range of 9 percent to 11 percent on a constant currency basis compared with 2012, with income from operations totaling $548 million to $563 million.

"Across all of our businesses, our focus remains centered on enabling our customers to drive revenues, secure operational efficiencies and build consumer loyalty through advanced hardware-enabled, software-driven technologies and solutions supported by a leading global services organization," Nuti said.

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