NCR Corporation reported a 19% increase in revenue to $2.0 billion and solid financial results in the second quarter of 2022, driven by strong demand for solutions and diligent execution, transforming NCR into a software-led as-a-service company.
Revenue of $2.0 billion, up 19%; Recurring revenue growth of 31%.
GAAP diluted EPS from continuing operations of $0.22; Non-GAAP diluted EPS of $0.71.
Strong execution across strategic growth initiatives.
Board-led strategic review to enhance shareholder value continues.
NCR Board of Directors continues to pursue its previously announced strategic review process to evaluate strategic alternatives available to NCR to enhance value for all shareholders. The Board has not set a timeline for the conclusion of its review of strategic alternatives. Shareholders are advised that there can be no certainty that the strategic review will result in a transaction, or if a transaction is pursued that such a transaction will be completed.
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