NCR Q3 profit falls

Source: NCR

NCR Corporation (NYSE:NCR) today reported revenue of $1.517 billion and earnings of $0.49 per diluted share for the quarter ended Sept. 30, 2006. The 1 percent increase in revenue from the third quarter of 2005 included 1 percentage point of benefit from currency fluctuations.

NCR reported third-quarter net income of $89 million, or $0.49 per diluted share, which included $7 million, or $0.03 per diluted share, of incremental expense related to stock-based compensation. This compares to $222 million of net income, or $1.18 per diluted share, generated in the third quarter of 2005. Results for the third quarter of 2005 included $142 million of benefit, or $0.76 per share, from prior-year tax items.

"NCR produced another solid quarter of operating profit improvement, led by growth in Teradata Data Warehousing and continued progress in our Customer Services business," said Bill Nuti, president and chief executive officer of NCR. "Overall, we continue to see strong earnings growth potential for NCR as demand for NCR products and services, including our Teradata data warehousing and self-service technologies, remains strong."

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