News

NCR reports better-than-expected 1Q earnings

April 27, 2005

DAYTON, Ohio - During a conference call April 28, NCR Corp. (NYSE: NCR) interim chief executive Jim Ringler reported that NCR's first quarter revenue results across the board beat expectations. The combined earnings of NCR's Teradata, financial self-service (ATMs) and retail store automation divisions was up 10 percent from 1Q 2004.

Financial self-service revenue jumped 8 percent from the same period last year; and Teradata's revenue hit an all-time first quarter high at $350 million, up 14 percent from 1Q '04. Retail store automation increased 6 percent from 1Q '04.

Ringler added that 1Q '05 was the first time NCR's operations had a net income increase since the company's spinoff from AT&T. Former CEO Mark Hurd's departure is not holding the company back, Ringler said.

According to a news release, overall revenue increased 4 percent, to $1.34 billion, from the same period in '04. Earnings per share were down 3 percent, to 16 cents, from 1Q '04.