Published by NCR
NCR ANNOUNCES THIRD QUARTER 2021 RESULTS
Revenue up 20% and Significant Profit Margin Expansion
ATLANTA - NCR Corporation (NYSE: NCR) reported financial results today for the three months ended September 30, 2021. Third quarter and other recent highlights include:
• Revenue of $1.90 billion, up 20%; Recurring revenue growth of 39%
• Significant profit margin expansion driven by a favorable mix of revenue
• Cash flow from operations of $497 million; Free cash flow of $125 million
• GAAP diluted EPS of $0.06; Non-GAAP diluted EPS of $0.69
• Acceleration across all strategic growth initiatives“
"We delivered solid results in the third quarter with strong growth in recurring revenue streams, higher profitability, and consistent cash generation. Adjusted EBITDA expanded to a multi-year high of 18.5% and year-to-date we have generated over $350 million of free cash flow,” said Michael Hayford, Chief Executive Officer. “More importantly, we made significant progress in the strategic initiatives that are transforming NCR into a software platform and payments company. Strong demand, diligent execution, and strategic traction should allow us to close out a successful 2021 and provide momentum for 2022. The integration of Cardtronics is well underway and we remain enthusiastic about the growth opportunities that the combination will yield.”