ATM Deals Help NCR Break Into The Black
DULUTH, Ga. – ATM maker NCR reported yesterday it broke out of the red to the tune of a $39 million net for the fourth quarter and a $134 million net for the year.
That compares to fourth quarter and annual losses for 2009 of $456 million and $33 million, as the company was restructuring around its move from Ohio.
Revenues for the fourth quarter were up almost 5% to $1.4 billion, and for the year by almost the same percentage to $4.8 billion.
Fourth quarter highlights included a deal to install ATMs in hundreds of JP Morgan Chase branches in 2011. The rollout will include ATMs equipped with NCR’s next generation Scalable Deposit Module – or SDM – technology, in which customers can deposit both cash and checks – in any orientation – through a single slot. This new technology, designed for NCR SelfServ ATMs, delivers a consumer deposit experience that is twice as fast as other ATMs, which the company said will help Chase speed transactions, reduce the length of lines at the ATM, and improve the customer experience.
NCR signed major contracts in China, with orders for 6,000 NCR SelfServ ATMs from China’s top five commercial banks. NCR also made inroads with small and mid-sized banks in China, including a new ATM order totaling 1,500 units from ATMU (China) Technology Co., which includes the NCR SelfServ ATM family with intelligent cash deposit and cash recycling functions.