NCR CORPORATION Reports Second Quarter Earnings for 2023 Fiscal Year
August 23, 2023
🌥️Earnings Overview
On August 2, 2023, NCR CORPORATION ($NYSE:NCR) reported its earnings results for the second quarter of the 2023 fiscal year (ending June 30, 2023). The company’s total revenue for this period was USD 1986.0 million, a decline of 0.6% compared to the same quarter from the previous year. Net income, however, decreased by 53.7%, amounting to USD 19.0 million.
Share Price
The report highlighted a decrease of 2.4% from the prior closing price of $26.4. In response, NCR CORPORATION stock opened at $26.1 and closed at $25.7. The report was seen as a disappointment to investors as the company was expected to report higher earnings than what was announced. The company has been able to capitalize on its investments in machine learning and automation technologies which have helped it grow its customer base and increase revenue.
Overall, while NCR CORPORATION reported lower than expected earnings, the company still reported a profit that exceeded the prior year’s quarter and increased revenue due to its investments in automation. Investors hope these initiatives will continue to pay off in the future quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ncr Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 7.86k | 65 | 1.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ncr Corporation. More…
| Operations | Investing | Financing |
| 867 | -404 | -258 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ncr Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 11.28k | 9.45k | 13.03 |
Key Ratios Snapshot
Some of the financial key ratios for Ncr Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.7% | 12.0% | 7.6% |
| FCF Margin | ROE | ROA |
| 5.9% | 20.8% | 3.3% |
Analysis
At GoodWhale, we have conducted an analysis of NCR CORPORATION‘s wellbeing. Our Risk Rating has indicated that this company is a high risk investment, both financially and from a business perspective. We’ve identified three risk warnings in their income sheet, balance sheet, and non-financial categories. To access this information, we recommend that interested parties become registered users of GoodWhale. Doing so will allow them to access our detailed analysis of NCR CORPORATION and to better understand the risks associated with investing in this company. We believe it is important for potential investors to have access to this information, as it can help them make wiser investments and better protect their money in the long run. More…
Peers
The company operates in three segments: Financial Services, Retail Solutions, and Hospitality & Gaming Solutions. NCR competes with AppTech Payments Corp, Easylink Solutions Corp, Alkami Technology Inc, and other similar companies.
– AppTech Payments Corp ($NASDAQ:APCX)
AppTech Payments Corp is a publicly traded company with a market capitalization of 10.17 million as of 2022. The company has a negative return on equity of 85.53%. AppTech Payments Corp is engaged in the business of providing payment processing and related services to merchants.
– Easylink Solutions Corp ($OTCPK:ESYL)
Easylink Solutions Corp is a Canadian company that provides software and services for the telecommunications industry. It has a market cap of 69.75k as of 2022 and a return on equity of 7.4%. The company’s products and services include voice over IP, video conferencing, and cloud-based solutions.
– Alkami Technology Inc ($NASDAQ:ALKT)
Alkami Technology Inc is a publicly traded company with a market cap of 1.13B as of 2022. The company has a Return on Equity of -12.09%. Alkami Technology Inc is a provider of enterprise software solutions. The company’s products are used by businesses of all sizes to manage their operations, customers, and employees. Alkami Technology Inc’s products are used by businesses in a variety of industries, including healthcare, retail, financial services, and government.
Summary
For the second quarter of the 2023 fiscal year, NCR CORPORATION reported total revenue of USD 1986.0 million, a decrease of 0.6% from the same period in the previous year. Net income decreased by 53.7%, coming in at USD 19.0 million. This marks a decline in both revenue and profit, indicating that potential investors should proceed with caution when considering an investment in NCR CORPORATION. It is important to assess the company’s current and prospective financial performance prior to investing.
Additionally, investors should review the company’s past and current market conditions to get a better understanding of the risk associated with investing in NCR CORPORATION.
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