NCR sees growth across businesses
NCR, the Duluth self-service and technology company, has seen growth across its businesses as it enters new markets and continues to expand its offerings.
The company made $13 million for the first quarter, compared with a loss of $19 million for the same quarter last year. Its earnings per share were 8 cents; the company lost 12 cents a share in the first quarter of 2010.
"We're executing very well," NCR Chairman and CEO Bill Nuti said in a company conference call. "To date, we've been very pleased with our results."
The company has a wide variety of offerings that include ATMs, self-service checkouts, movie-rental kiosks and software solutions for use of mobile boarding passes. Nuti said NCR's emerging industries -- such as those related to travel -- are "notching wins" and the company is seeing an increase in retail orders for its products.
That shows retailers are upgrading their technology. Banks are also adding new technologies, and Nuti said NCR has one of the company's biggest backlogs ever for financial services orders.
Going forward, NCR will be moving more into managing customer preferences, Nuti said, as well as aggressively growing its indirect businesses.
"There is ongoing innovation in every part of our company," he said.
The company raised its earnings projections for the year, saying it expects to increase revenues by 5 percent to 7 percent over 2010. Nuti said he is "incrementally more positive" with the earnings outlook for 2011.
NCR also spent about $35 million repurchasing 1.8 million shares of stock.
About the Author
Arielle Kass covers Gwinnett County for The Atlanta Journal-Constitution. She started at the paper in 2010, and has covered business and local government beats around metro Atlanta. Arielle is a graduate of Emory University.
