Profits Fall At NCR
DAYTON, Ohio -- ATM maker NCR Corp. reported Thursday that net income for its second quarter plunged by 39% to $78 million, or 43 cents a share, compared to the same period last year when the company was able to report a $64 million gain from resolution of a tax issue. Second quarter revenues rose 4% to $1.53 billion, fueled by strong sales in the company's Teradata data warehousing, financial and retail segments. For the first six months of the year, NCR reported a 24% drop in earnings to $119 million, or 66 cents a share, from the first half last year. Revenue growth was flat, with roughly $2.8 billion in revenues for the first half last year and this year.