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Mar 31, 2021
NCR Q1 2021 Earnings Report
NCR's first quarter results showcased significant profit margin expansion and a 9% increase in recurring revenue.
Key Takeaways
NCR Corporation reported a 3% increase in revenue to $1,544 million, driven by strong recurring revenue growth, margin expansion, and cash flow generation. The company's shift to NCR-as-a-Service is gaining momentum, and its financial position remains strong.
Revenue increased by 3% to $1,544 million, with recurring revenue up 9%.
Profit margins expanded significantly due to cost reductions and a favorable revenue mix.
Cash flow from operations reached $155 million, and free cash flow increased to $98 million.
GAAP diluted EPS was $0.19, while non-GAAP diluted EPS rose by 65% to $0.51.
Revenue by Segment
Forward Guidance
The company expects all of its segment results to be negatively impacted by the COVID-19 pandemic. They expect their hardware revenues to be most impacted while their recurring revenue streams are expected to be more resilient.
Challenges Ahead
- All segment results are expected to be negatively impacted by the COVID-19 pandemic.
- Hardware revenues are expected to be most impacted.
- The ultimate impact on the overall financial condition and operating results will depend on the duration and severity of the pandemic.
- There can be no assurance that the measures taken will completely offset the negative impact of COVID-19.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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