NCR Bright Spot Amid Slew Of Recent Earnings Warnings

ATM and data-warehousing vendor now expects second quarter revenue to be up 6% from the same period last year.
NCR Corp. said Monday that revenue and earnings for its second quarter ended June 30 will be better than expected. That's counter to warnings last week from a number of IT vendors, including Computer Associates, PeopleSoft, and Siebel Systems that results for the June quarter had fallen below expectations.

NCR expects second-quarter revenue of $1.44 billion to $1.45 billion, up 6% from the same period last year. NCR had expected second-quarter revenue growth of only 1% to 2% over last year's $1.37 billion. The company expects earnings "in excess of" 35 cents per share, excluding one-time gains from the resolution of a tax issue that could push earnings to $1.25 per share. Wall Street analysts were expecting earnings of 18 cents per share.

NCR said its automated teller machine and Teradata data-warehousing businesses both generated revenue growth "well ahead of expectations." The company also manufactures point-of-sale and other automated retail systems. The company will report the final results for the second quarter on July 29.

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