NCR Announces Fourth Quarter Results

NCR Corporation has reported financial results for the three months ended December 31, 2013. Reported revenue of $1.67 billion increased 2% from the fourth quarter of 2012. Fourth-quarter revenue includes an unfavorable impact of 2% as a result of foreign currency translation.

Non-pension operating income in the fourth quarter of 2013 was $221 million and non-GAAP diluted EPS was $0.83 compared to $181 million and $0.72 in the prior-year period. NCR reported fourth quarter income from operations of $297 million and diluted EPS of $1.21 compared to $411 million and $1.45 in the fourth quarter of 2012. Please refer to the tables and footnotes at the end of this release for explanations and GAAP to non-GAAP reconciliations.

“I am very proud of the NCR team’s many accomplishments in 2013, highlighted by record financial results and outstanding progress on our strategic priorities,” said Bill Nuti, Chairman and CEO of NCR. “We continue to execute at a high level as we reinvent NCR and transform our company into a software and services led business, with an accelerated path to a higher margin, sustainable growth, and more predictable revenue model – along with a strong cash generation profile. Once again, we have another healthy outlook for the forthcoming year. In 2014, we expect a better overall balance across our Lines of Businesses, geographies and product segments, with another strong year of software growth. The combination of our organic development and acquired assets have separated NCR from our traditional competition and placed us on a path to become the market leader in the burgeoning consumer transaction technologies category.”