NCR Posts Strong Revenue, Earnings Growth in 2008 Third Quarter
* Total revenue increase of 8 percent; growth across all key geographies
* GAAP EPS from continuing operations was $0.49 per diluted share; non-GAAP EPS from continuing operations was $0.55 per diluted share(1)
* Cash provided by operating activities was $157 million, an improvement of $92 million versus third quarter of 2007
* NCR raises 2008 outlook
NCR reported financial results today for the three months ended September 30, 2008. Reported revenue of $1.38 billion increased 8 percent over the third quarter of 2007 and included approximately 2 percentage points of benefit from foreign currency translation.
“NCR delivered strong third-quarter results, showing solid revenue growth across our core solutions and geographies,” said Bill Nuti, chairman and chief executive officer of NCR. “We demonstrated resiliency in a weakened economic environment because we are executing well against our strategic priorities, managing for profitable revenue growth, building a sustainable and leading cost structure, and improving our working capital position. While we are managing prudently through the current macro environment, our focus on meeting the emerging demand for self-service solutions from customers who are seeking to strengthen their relationships with consumers, combined with the efficiencies we continue to build into our business model, gives us confidence to raise our revenue and profit outlook for 2008.”
Please click to access NCR’s 2008 Third-Quarter Results (PDF): http://www.ncr.com/documents/Q308_Earnings.pdf
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