NCR Corporation reported a 20% increase in revenue to $1.90 billion, driven by strong growth in recurring revenue streams. The company also saw significant profit margin expansion and consistent cash generation, with adjusted EBITDA reaching a multi-year high.
Revenue increased by 20% to $1.90 billion, with recurring revenue growing by 39%.
Profit margins expanded significantly due to a favorable revenue mix.
Cash flow from operations reached $497 million, with free cash flow at $125 million.
GAAP diluted EPS was $0.06, while non-GAAP diluted EPS was $0.69.
NCR expects to be at the lower end of the previously guided ranges for the second half of 2021, considering the results of the third quarter and the probability of continued global supply chain challenges.
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