NCR Corp's financial and retail businesses are improving after the poor economy led to lower sales last year, the Duluth, Ga.-based ATM and kiosk maker announced Oct. 21.
Those business lines “have further stabilized,” and the company “entered the fourth quarter with momentum across our businesses,” Bill Nuti, iNCR chairman and chief executive, said in a press release.
NCR’s revenue rose 6%, to $1.21 billion in the third quarter ended Sept. 30 from $1.14 billion a year earlier. Net income rose 453%, to $83 million from $15 million. The low income a year agowas an effect of the economy driving down demand for ATMs, the company noted in the release.
NCR said it began installing its security software on multiple vendors’ ATMs operated in Russia by Unicredit SpA. NCR also agreed to provide management and maintenance services for 550 Barclays PLC machines in the United Kingdom.