Adjusted non-GAAP earnings before interest, taxes, depreciation and amortization rose from
GAAP diluted earnings per share rose from
"Our first quarter results represent a great start to the year with increased momentum in our shift to NCR-as-a-Service,"
Banking revenue decreased 1% due to a decline in ATM hardware revenue partially offset by higher software and services revenue.
Retail revenue increased 13% due to growth in self-checkout and point-of-sale revenue, as well as higher services revenue.
Hospitality revenue increased 6% driven primarily by an increase in point-of-sale revenue, as well as higher services revenue.
First quarter net income from continuing operations attributable to NCR of
The
Shares traded at
"We continue to navigate through the challenging times presented by COVID-19, with a sharp focus on safeguarding our employees and helping our customers," Hayford said. "Despite the unprecedented environment, our teams are executing at a high level and we are advancing our strategy.
"The COVID-19 pandemic is complex and rapidly evolving. The ultimate impact on our overall financial condition and operating results will depend on the currently unknowable duration and severity of the pandemic, as well as any additional governmental and public actions taken in response. We continue to evaluate the long-term impact that COVID-19 may have on our business model. There can be no assurance that the measures we have taken or will take will completely offset the negative impact of COVID-19."
For an update on how the coronavirus pandemic has affected kiosks, click here.
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