Deliver Your News to the World

NCR Announces 2007 Second-Quarter Results


WEBWIRE

* 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.



WebWireID43817





This news content was configured by WebWire editorial staff. Linking is permitted.

News Release Distribution and Press Release Distribution Services Provided by WebWire.