NCR Announces Strong Fourth Quarter Results

NCR Corporation (NYSE: NCR) reported financial results today for the three months ended December 31, 2012. Reported revenue of $1.64 billion increased 3% from the fourth quarter of 2011. Fourth quarter revenue was not materially impacted by foreign currency translation.

NCR reported fourth quarter loss from continuing operations (attributable to NCR) of $23 million, or $(0.14) per diluted share, compared to income from continuing operations (attributable to NCR) of $59 million, or $0.37 per diluted share, in the fourth quarter of 2011. Excluding pension and special items, non-GAAP income from continuing operations ⁽²⁾ in the fourth quarter of 2012 was $181 million, or $0.72 per diluted share, compared to $173 million, or $0.66 per diluted share, in the prior-year period. An identification of those special items, and the impact of pension and those special items on income from continuing operations and diluted earnings per share, are set forth in the supplemental non-GAAP reconciliation tables and accompanying footnotes that are included following the "Note to Investors" at the end of this earnings release.

“NCR delivered outstanding results in 2012, driven by good business execution, consistent innovation, and successful expansion in new business verticals including hospitality and emerging industries," said Bill Nuti, Chairman and CEO of NCR. “We continued to steadily advance the contribution of software and services to our revenue mix, which drove gross margin expansion and higher profitability, while continued focus on efficiencies and costs further improved our operating performance. Looking to 2013, we anticipate more balanced revenue growth across our core Financial, Hospitality and Retail verticals, with Retail in particular expected to benefit from improving demand for self-service solutions as well as our move to strengthen our solutions portfolio through the acquisition of Retalix Ltd. Across all of our businesses, our focus remains centered on enabling our customers to drive revenues, secure operational efficiencies and build consumer loyalty through advanced hardware-enabled, software-driven technologies and solutions supported by a leading global services organization.”

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