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Jun 30, 2024
NCR Q2 2024 Earnings Report
Reported second quarter results and announced strategic actions.
Key Takeaways
NCR Voyix reported a GAAP Revenue of $876 million, a net loss from continuing operations of $(74) million, and a non-GAAP diluted EPS of $0.09 for Q2 2024. The company also announced a definitive agreement to divest Digital Banking to Veritas Capital for $2.45 billion plus contingent consideration and an outsourced design and manufacturing agreement with Ennoconn Corp.
GAAP Revenue was $876 million compared to $946 million in the prior year.
Net loss from continuing operations attributable to NCR Voyix was $(74) million, compared with $(51) million in the prior year.
Adjusted EBITDA was $144 million compared to $168 million in the prior year.
Diluted EPS from continuing operations was $(0.54), non-GAAP diluted EPS was $0.09.
Revenue by Segment
Forward Guidance
NCR Voyix updated its full year 2024 guidance to reflect the strategic announcements, including the divestiture of our Digital Banking business.
Positive Outlook
- Software Revenue $1,000M – $1,020M
- Services Revenue $1,040M – $1,060M
- Hardware Revenue $765M – $780M
- Total Revenue $2,805M – $2,860M
- Adj. EBITDA (cont. ops.) $355M – $375M
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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