NCR Corp. said its revenue suffered from lower hardware sales to the financial services industry and other markets.
The Duluth, Ga., automated teller machine and kiosk manufacturer said that foreign currency translation also drove down its revenue, though its new investments, such as movie and video game kiosks, are showing potential, it said. The company also highlighted some success in its airline check-in kiosk business.
"While NCR continues to operate in a challenging environment for the core end markets we serve, our solutions are generating results in the areas where our customers are investing," Bill Nuti, NCR's chairman and chief executive, said in a press release Thursday.
NCR's revenue fell 16%, to $1.12 billion, from a year earlier. Its net income fell 44%, to $24 million.