NCR profits bolstered by ATM and data warehouse sales

NCR profits bolstered by ATM and data warehouse sales

US ATM manufacturer NCR has reported a sharp rise in profit for the quarter ending 30th June 2004, boosted by sales at its data warehousing and cash machine divisions.

NCR reported second-quarter net income of $122 million, or $1.27 per diluted share, versus a net loss of $13 million, or $0.14 loss per diluted share, in Q2 2003.

Revenues were up to $1.45 bn for the quarter, up six per cent from the same period last year. Operating income for the second quarter was $53m, compared to $16 million a year ago.

The vendor says its data warehousing division, Teradata, reported record second-quarter revenue of $331m, up 10% from the Q2 2003. Operating income was up to $60m for the quarter, from $32m in the second quarter of 2003.

Revenues also soared at its Financial Self Service unit, which also generated record second-quarter revenue of $330m, up 27% from the year-ago period.

In a statement, NCR says: "We are seeing continued growth in upgrades, replacements and the purchase of new automated teller machines as banks focus more on branch banking, transaction migration and compliance with regulatory changes."

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