NCR Reports Fourth QuarterProfits

Register now

DAYTON, Ohio - (01/28/05) -- ATM manufacturer NCR Corp. saidfourth quarter earnings climbed 55% to $124 million, or $1.30 ashare, due to several one-time transactions. Revenues for thefourth quarter advanced 9% to $1.8 billion. Fourth quarter resultsincluded a $13 million gain on the sale of real estate; $5 millionof costs associated with existing real estate facilities; and therelease of a $9 million reserve the company established foranticipated but unrealized losses overseas. The fourth quarterincluded a 14% increase in revenues from the company's Teradataunit and a 15% rise in financial self service (ATMs) operations.For the year, NCR said revenues grew 7% to $6 billion, while netincome grew five-fold to $285 million, or $3.03 a share, comparedto the year before. The company had a two-for-one stock split onJan. 21.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER