NCR Corp.'s revenue rose 17% in the fourth quarter to $1.64 billion from $1.4 billion a year earlier, with financial services revenue rising 16% to $908 million from $785 million.
The Duluth, Ga.-based company had a loss of $9 million attributable to NCR compared with net income a year earlier of $39 million. The loss was due in part from $56 million in pension expenses and a $98 million impairment charge in its entertainment business, which handles DVD kiosks.
NCR is selling some assets of its entertainment business to Coinstar's Redbox, pending regulatory approval, for up to $100 million. NCR said it expects that sale to close in the third quarter, and it would provide hardware, software and services to Coinstar following the sale.
In financial services, NCR highlighted an ATM-replacement deal with TruWest Credit Union. The credit union is replacing 30 ATMs from another manufacturer with machines from NCR's SelfServ line.
NCR also working is with PayPal Inc. and S1 Corp. to allow person-to-person payments from ATMs.
For the full year, NCR's revenue rose 14.1%, to $2.74 billion from $2.4 billion. Its net income attributable to NCR fell 62.9% to $53 million from $143 million.
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