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Jun 30, 2023
NCR Q2 2023 Earnings Report
NCR's second quarter performance in 2023 was strong, marked by growth in recurring revenue, margin expansion, and robust cash flow generation.
Key Takeaways
NCR Corporation reported strong second-quarter results for 2023, with revenue of $2.0 billion and recurring revenue of $1.3 billion. The company's net income from continuing operations attributable to NCR was $20 million, with a GAAP diluted EPS of $0.11 and a non-GAAP diluted EPS of $0.94. The company is progressing toward separation into two public companies in the fourth quarter.
Revenue reached $2.0 billion, with recurring revenue at $1.3 billion.
Net income from continuing operations attributable to NCR was $20 million.
Adjusted EBITDA was $389 million.
GAAP diluted EPS from continuing operations was $0.11, and non-GAAP diluted EPS was $0.94.
Revenue by Segment
Forward Guidance
NCR is affirming its full year 2023 guidance communicated on February 7, 2023, with its strong first half pushing expectations to the higher end of the previously guided ranges.
Positive Outlook
- Revenue - $7.8 billion to $8.0 billion
- Adjusted EBITDA - $1.45 billion to $1.55 billion
- Non-GAAP diluted EPS - $3.30 - $3.50
- Adjusted free cash flow-unrestricted - $400 million to $500 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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