DAYTON, Ohio NCR Corp., one of the leading makers of automated teller machines, said preliminary estimates show that its second-quarter earnings may fall below its earlier guidance, primarily because of customer postponements in the companys data warehousing business.
NCR said it expects to report revenues of about $1.5 billion, 3% more than in the year-earlier quarter. Earnings are now estimated to be 35 to 37 cents per share, down sharply from an earlier estimate of 57 cents per share.
Customers using NCRs Teradata warehousing systems decided to defer as much as $60 million of software upgradings, the company said. Most of these customers are based in the Americas, it said.
Most of the deferrals were in the telecommunications and retail sectors. NCR said, however, that it still expects to report an increase in its number of customers of as much as 60% from the year before.
NCR also announced that it has hired Howard L. Lance to be company president and chief operating officer of the retail and financial group. Mr. Lance reports to NCR chairman and chief executive officer Lars Nyberg and oversees four of the companys five businesses: retail store automation, financial self-service, worldwide customer services, and systemedia.
Howard has proven ability growing technology-related businesses both organically and through acquisition, Mr. Nyberg said. His extensive sales and marketing experience, operational capabilities, and technology expertise are an excellent fit for NCR, and Im excited about bringing his business acumen and leadership to NCR and our retail and financial group.
Mr. Lance worked for 17 years at the global electric and electronic equipment maker Emerson Electric Co. of St. Louis. He had held numerous senior posts at Emerson and most recently was an executive vice president with responsibility for much of Emersons electronics and telecommunications segment, a $4 billion business.