NCR Corp. (NCR) Tops Q1 EPS by 1c; Lowers FY14 Rev Outlook

NCR Corp. (NYSE: NCR) reported Q1 EPS of $0.50, $0.01 better than the analyst estimate of $0.49. Revenue for the quarter came in at $1.52 billion versus the consensus estimate of $1.51 billion.

Revenue growth guidance updated from 12-14% to 10-12% including 1% of unfavorable foreign currency impact; NPOI and Non-GAAP diluted EPS guidance reaffirmed for full-year 2014. NCR Corp. sees FY2014 EPS of $3.00-$3.10, versus the consensus of $3.05.

"Our first quarter results show continued progress in the transformation of NCR into a software-driven leader in consumer transaction technologies,” said Chairman and CEO Bill Nuti. “Software-related revenue grew 45% in the first quarter, including SaaS revenue growth of 242%. We are also making good progress integrating the Digital Insight acquisition, which has contributed significantly to our software-related and SaaS revenue growth and broadens our Financial Services technology portfolio similar to the transformation of our Retail Solutions and Hospitality businesses. Although we are seeing a challenging market in Retail Solutions, we are pleased to see the increased strength in the Financial Services industry and feel good about our growth trajectory in 2014. We are reaffirming the NPOI and EPS range, although we do expect to be at the lower end of this range based on what we are seeing today.”

For earnings history and earnings-related data on NCR Corp. (NCR) click here.

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