NCR Corporation reported a slight decrease in revenue for the fourth quarter of 2022, but experienced growth in adjusted EBITDA. The company is moving forward with its plan to separate into two independent companies.
Fourth quarter revenue decreased 1% year over year, but increased 2% on a constant currency basis.
Fourth quarter Adjusted EBITDA increased from $353 million to $380 million year over year.
Company continues to move forward with previously announced plan to separate into two companies.
Full year revenue increased 10% year over year.
For the full year 2023, NCR is forecasting revenue between $7.8 billion and $8.0 billion, Adjusted EBITDA between $1.45 billion and $1.55 billion, Non-GAAP diluted EPS between $3.30 and $3.50, and Free cash flow between $400 million and $500 million.
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