NCR Third Quarter Results and business highlights
Quarterly results posted for NCR along with business highlights. Highlights include including Solidcore on Aptras, the new RealPOS systems, Hudson Bay, Big Y, China, and MOD Systems (digital tv & movie download). I note that Google is adverting it Google TV today....
Marketwatch release
Business highlights -- The following are NCR's third quarter business highlights across its industry offerings.
In the financial business, NCR began installing its Solidcore Suite for APTRA(TM) across Unicredit Bank's entire multivendor ATM network in its branches across Russia. Solidcore for APTRA(TM) is a multivendor ATM software security solution designed to protect ATMs from insider attacks by offering real-time centralized management that prohibits the introduction of unauthorized code.
Barclays Bank PLC selected NCR to provide outsourced management and maintenance services for its U.K. network of 550 remote and host-operated ATMs. Under the two-year agreement, NCR will be responsible for delivering a complete managed services solution which includes helpdesk services, incident management, first- and second-line maintenance and co-managing cash replenishment services.
NCR further enhanced its offerings for the retail market by launching two new compact point-of-sale (POS) terminals that feature innovative and unique designs: the NCR RealPOS(TM) 40 and the NCR RealPOS(TM) 60. These new terminals deliver outstanding value to retailers through high performance, greater energy efficiency and more compact size.
Hudson's Bay Company, Canada's largest diversified general merchandise retailer and provider of Canada's largest gift registry, deployed NCR's SelfServ(TM) 60 kiosk systems in-store at Bay and Home Outfitter locations across the country. Hudson's Bay customers will benefit from the increased versatility, improved speed, enhanced graphics and superior monitors of the SelfServ(TM) 60 system.
Big Y Foods completed its initial deployment of automated deli ordering kiosks powered by NCR's self-service technology. Now featured in 18 Big Y stores throughout New England, each Big Y deli kiosk uses the NCR Netkey deli ordering application and select kiosks run on NCR EasyPoint(TM) Advantage kiosk hardware.
In China, Shandong New Beiyang Info-Tech Co., Ltd. (SNBC) recently signed an intellectual property license agreement with NCR that permits SNBC to utilize NCR's 2ST(TM) two-sided printing technology. This technology improves the efficiency of the printing process by allowing simultaneous printing on both the front and back side of a receipt (or other media), reducing paper consumption, while optimizing productivity and lowering costs.
NCR continued to advance its entertainment kiosk strategy during the quarter. Together with MOD Systems, NCR is installing Download2Go digital kiosks at 20 InMotion entertainment stores in 12 U.S. airports. Download2Go kiosks offer consumers the first opportunity to purchase or rent digital movies in GreenPlay format by transferring content to portable SD cards where it can be watched on Windows-enabled PCs, along with a growing number of consumer electronics devices. In addition to digital movies, consumers will be able to download television shows to SD cards, and music tracks and albums to flash drives and directly to MP3 players.
2010 Outlook
As previously disclosed, NCR expects full-year 2010 revenues to increase in the range of 2 to 5 percent on a constant currency basis compared with 2009. Including the continuing investment in its entertainment portfolio, the Company now expects its full-year 2010 Income from Operations (GAAP) to be in the range of $92 million to $102 million, Non-pension operating income (NPOI)(2) to be in the range of $325 million to $335 million, GAAP diluted earnings per share from continuing operations (attributable to NCR) to be in the range of $0.65 to $0.73, and non-GAAP diluted earnings per share from continuing operations (attributable to NCR) excluding pension expense(1) to be in the range of $1.42 to $1.50 per diluted share. The 2010 non-GAAP EPS guidance excludes estimated pension expense of approximately $215 million (approximately $151 million after-tax) compared to actual pension expense of $159 million ($108 million after-tax) in 2009. NCR expects its full year 2010 effective income tax rate to be approximately 27 percent.
Posted by staff at October 26, 2010 08:32 AM