NCR Corp. reported a revenue and income dip for Q4 2022, while full year results were mixed, according to a press release.

Highlights include:

  • Revenue decreased 1%, from $2.03 billion in Q4 2021 to $2.01 billion for the quarter ending Dec. 31, 2022.
  • Retail revenue fell 5%, from $608 million to $575 million in the comparative quarters.
  • Hospitality revenue rose 3%, from $231 million to $239 million.
  • Digital banking revenue rose 5%, from $133 million to $139 million.
  • Payments and network revenue rose 8%, from $295 million to $319 million.
  • Self-service banking revenue fell 2%, from $707 million to $691 million.
  • Net income fell from $63 million to an $18 million loss in the comparative quarters.
  • Basic income per share fell from 45 cents to a 15-cent loss while diluted income per share fell from 43 cents to 15 cents in the comparative quarters.
  • Non-GAAP income per share rose from 76 cents to 79 cents in the comparative quarters.
  • For the full year, revenue rose 10%, from $7.156 billion to $7.844 billion.
  • Full year net income fell from $98 million to $59 million.
  • Full year basic income per share fell from 62 cents to 32 cents while diluted income per share fell from 58 cents to 31 cents.
  • Full year non-GAAP income per share rose from $2.56 to $2.62.

Shares traded Tuesday at $27.74 against a 52-week range of $18.06-$44.59.

The quarterly revenue of $2.01 billion beat analyst expectations by $20 million while the non-GAAP EPS of 79 cents missed expectations by 0.01 cents, according to Seeking Alpha.

"Our fourth quarter results represented a good finish to a year where we executed extremely well even with the challenging macroeconomic environment throughout 2022," CEO Michael Hayford said in the press release. "We delivered solid financial performance, made progress on our strategy to NCR becoming a software-led-as-a-service company with higher recurring revenue streams, and demonstrated our unwavering commitment to our customers with further increases in our customer satisfaction metrics. We enter 2023 with products winning in the market and positive momentum."

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