NCR profit rises

Source: NCR Corporation

NCR Corporation (NYSE:NCR) today reported revenue of $1.81 billion for the quarter ended Dec. 31, 2006. The 5 percent increase in revenue from the fourth quarter of 2005 included 2 percentage points of benefit from currency fluctuations.

NCR reported fourth-quarter net income of $174 million, or $0.96 per diluted share, which compares to $150 million of net income, or $0.81 per diluted share, generated in the fourth quarter of 2005. Results for the fourth quarter of 2005 included $17 million of benefit, or $0.09 per share, from tax items.

"NCR produced one of its best quarters in recent history, demonstrating the success of the initiatives we have undertaken during the last year to leverage our leadership positions in the self-service and data warehousing markets, improve operational performance and reduce costs," said Bill Nuti, president and chief executive officer of NCR.

"While we have more work to do to build sustainable growth and profits in our key businesses, we are excited about the future. The planned strategic separation of Teradata and NCR is expected to create two strong, independent companies with an even stronger focus on their distinct customer bases, business strategies and operational needs."

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