NCR Announces 2007 Second-Quarter Results
* NCR Reports GAAP EPS of $0.54, non-GAAP EPS of $0.65
* 5 percent revenue growth was led by 11 percent growth in Financial Self Service (ATMs) and 9 percent growth in Teradata Data Warehousing
NCR Corporation today reported revenue of $1.61 billion for the quarter ended June 30, 2007. The 5 percent increase in revenue from the second quarter of 2006 included 2 percentage points of benefit from currency fluctuations.
NCR reported second-quarter net income of $98 million, or $0.54 per diluted share. Earnings reported for the second quarter of 2007 included $21 million or $0.11 per share of net costs from items related to the anticipated spin off of NCR’s Teradata Data Warehousing business, a tax adjustment related to prior periods, and the Fox River environmental matter; offset by an update in the estimated costs associated with the Company’s manufacturing realignment initiative. Excluding these items, non-GAAP earnings were $0.65 per diluted share(1) which compares to $0.42 per diluted share in the second quarter of 2006.
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