Payments
NCR Atleos sees revenue growth in Q2 2024 results
August 14, 2024
NCR Atleos saw a profit and revenue growth year-over-year in its second quarter 2024 financial results. Revenue was $1.08 billion compared to $1.04 billion last year and the gross profit was $253 million with a rate of 23.4% on a GAAP basis compared to $247 million and 23.8% year-over-year, according to a press release.
Other results include:
- Non-GAAP gross profit was $276 million with a rate of 25.5% compared to $270 million and 26% last year.
- Second quarter income from operations was $107 million on a GAAP basis compared to $79 million year-over-year.
- Adjusted EBITDA was $193 million compared to $198 million year-over-year.
"The second quarter capped a highly successful first half of the year for NCR Atleos. We delivered strong financial results that were at the high-end or above our guidance ranges, continued to elevate execution across our businesses, and advanced our strategic initiatives," Tim Oliver, president and CEO, NCR Atleos, said in the release. "Our intensified focus on product and service quality, coupled with our differentiated ATM outsourcing capabilities drove increased interest in our solutions that enable financial institutions and retail partners to offer more efficient, high quality, and flexible banking experiences to consumers." Mr. Oliver continued, "Given the strong first-half financial results, a robust sales pipeline, and building commercial momentum, we believe the Company is on track to achieve its goals this year and we reaffirm and narrow consolidated guidance ranges for full year 2024 targets."
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NCR Atleos
NCR Atleos expands self-service financial access for retailers and financial institutions who leverage our expertise, operational scale, always-on global services and constant innovation to deliver convenient self-service banking.
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