NCR Announces Strong Second Quarter Results

NCR Corporation (NYSE: NCR) reported financial results today for the three months ended June 30, 2013. Reported revenue of $1.54 billion increased 9% from the second quarter of 2012. Second-quarter revenue includes an unfavorable impact of 1% as a result of foreign currency translation.

NCR reported second quarter income from continuing operations (attributable to NCR) of $86 million, or $0.51 per diluted share, compared to income from continuing operations (attributable to NCR) of $89 million, or $0.54 per diluted share, in the second quarter of 2012. Excluding pension and special items, non-GAAP income from continuing operations (2) in the second quarter of 2013 was $182 million, or $0.68 per diluted share, compared to $154 million, or $0.65 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.

“Solid second quarter results were driven by strong growth in our Retail and Hospitality businesses and continued steady performance in Financial Services,” said Bill Nuti, Chairman and CEO of NCR. “The growing contribution of software and services offerings to our revenue mix is delivering profitable growth and margin expansion, further aided by the strong performance of our recently acquired Retalix business. Innovations in key transaction technology areas like omni-commerce and financial services branch transformation are generating significant customer activity across our core business verticals and further differentiating NCR with our customers globally. We enter the second half of the year confident in our outlook, with strong momentum across our lines of business and a sharp focus on continuing to innovate and deliver solutions that create growth opportunities for our customers.”

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