News

NCR posts strong Q4, forecasts growth

February 11, 2014

NCR Corp. finished strong in Q4 2013, with reported revenue of $1.67 billion, an increase of 2 percent from the same period in 2012.

"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 NCR Chairman and CEO Bill Nuti, in an earnings call on Thursday, Feb. 6.

NCR's retail segment generated revenue of $536 million in Q4 2013, an increase of 9 percent over the same period in 2012. Currency fluctuations had an unfavorable impact of 3 percent year-over-year.

The hospitality segment generated revenue of $176 million in Q4 2013, an increase of 17 percent over Q4 2012. Foreign currency fluctuations had an unfavorable impact of 1 percent year-over-year.

The company's emerging industries business generated revenue of $106 million in Q4 2013, an increase of 31 percent from the same period in 2012. Foreign currency fluctuations had an unfavorable impact of 2 percent year-over-year.

Full-year 2014 guidance

Nuti said the company expected continuing healthy growth in 2014, with another strong year of software growth and a better balance across all lines of business.

Q1 2014 outlook

For Q1 2014, NCR expects non-pension operating income of $155 million to $165 million, compared with $129 million in the first quarter of 2013, and income from operations of $105 million to $115 million, compared with $85 million in the first quarter of 2013.

Read more about manufacturers.