News

Despite global growth, NCR reports decline of net income

July 30, 2008

DAYTON, Ohio — NCR Corp. reported net income of $44 million for the second quarter of the year, down 55 percent from the $98 million it netted during the same period last year.

In spite of that decline, NCR reported that 2Q of 2008 marked one of its largest product-rollout periods. Revenue for the quarter totaled $1.3 billion, an 8.3 percent increase from the $1.2 billion reported during 2Q 2007.

That growth was fueled, the company says, by orders for its new SelfServ ATM line. Year to date, more than 4,000 SelfServ ATMs have been ordered by more than 120 global customers. SelfServ ATMs have been installed in Australia, Canada, China, Spain and the United States.

Revenue in the Americas was up 11 percent, and revenue from Europe, the Middle East and Africa was up 16 percent, while revenue from Asia-Pacific was up 10 percent.

"NCR's strong second-quarter results were broad-based geographically and speak to continued solid demand for self-service solutions," said Bill Nuti, NCR's president and chief executive. "Even in a challenging global economy, consumers want to connect, interact and transact with businesses in new ways."

Second-quarter income from continuing operations was $45 million, a nearly 12 percent dip from last year. NCR attributes the lower income to a nonrecurring $32 million after-tax charge related to organizational realignment.