Welcome to our dedicated page for NCR CORPORATION news (Ticker: ncr), a resource for investors and traders seeking the latest updates and insights on NCR CORPORATION stock.
NCR Corporation (NYSE: NCR) stands as a global leader in consumer transaction technologies, transforming everyday interactions into exceptional experiences. With a diverse portfolio of software, hardware, and services, NCR facilitates over 550 million transactions daily across multiple industries including retail, financial, travel, hospitality, telecom, and technology.
Headquartered in Duluth, Georgia, NCR employs more than 30,000 people and operates in over 180 countries. This extensive reach underscores its significant role in enabling seamless transactions worldwide.
NCR’s solutions range from point-of-sale systems in retail stores to ATMs in financial institutions, ensuring that every transaction is fast, reliable, and secure. Recent achievements include advancements in cloud-based services and AI-driven analytics that offer unprecedented efficiency and insights for businesses.
Current projects involve expanding digital banking solutions and enhancing customer service platforms, aimed at providing a more personalized and streamlined user experience. Financially, NCR has demonstrated robust growth, underpinned by strong partnerships and a commitment to innovation.
For more information, you can visit their website or follow them on social media platforms like Twitter, Facebook, LinkedIn, and YouTube.
NCR Voyix (NYSE: VYX) maintains its position as the world's largest point of sale (POS) software supplier for the eighth consecutive year, according to the Global POS Software 2024 study by RBR Data Services. The company leads in both the Grocery+ segment (grocery, convenience, and drug stores) and remains a frontrunner in the Hospitality+ segment (restaurants and hotels).
The comprehensive study analyzed over 2,600 POS projects worldwide, covering more than 140 industry suppliers and nearly 9.5 million POS setups across 48 countries and six global regions. The research focused on businesses with 1,000+ POS lanes in grocery, general merchandise, and hospitality industries.
NCR Voyix (NYSE: VYX), a leading digital commerce solutions provider, has announced CEO David Wilkinson's participation in three upcoming investor conferences. The schedule includes:
RBC Capital Markets Global Technology Conference in New York on November 20, 2024, with a presentation at 2:40pm ET; Stephens Annual Investment Conference in Nashville on November 21, 2024, presenting at 10:00am ET; and the Furey Research Hidden Gems Conference, a virtual event on November 26, 2024.
All presentations will include company presentations and investor meetings, with live webcasts and replays available on the NCR Voyix investor relations website.
NCR Voyix (NYSE: VYX) reported Q3 2024 financial results with GAAP Revenue of $711 million, down from $809 million year-over-year. The company completed the sale of its Digital Banking business to Veritas Capital for $2.45 billion in cash, using proceeds to reduce debt by $1.84 billion. Net loss from continuing operations was $31 million, improving from $266 million loss in prior year. Software & Services Revenue decreased to $517 million from $540 million. The company maintained its full-year 2024 guidance with total revenue projected at $2,805M-$2,860M and Adjusted EBITDA at $355M-$375M.
NCR Voyix has appointed Darren Wilson as President, International, reporting to CEO David Wilkinson. This strategic appointment aims to drive global expansion and strengthen senior leadership, focusing on sales effectiveness, product delivery, and customer satisfaction. Wilson brings extensive experience from previous roles at EVO Payments, Worldpay UK, Global Payments, and HSBC Banking Group. The appointment will enable enhanced attention to both international markets and the company's largest market, the Americas.
NCR Voyix (NYSE: VYX) has announced it will release its third quarter 2024 financial results before market opening on November 7, 2024. The company will host a conference call at 8:00 a.m. ET on the same day to discuss the results. Interested parties can join via toll-free number (888) 645-4404 or toll number +1 (862) 298-0702. A live webcast and presentation materials will be available on the investor relations website, with a replay accessible after the event.
Veritas Capital has completed the acquisition of NCR Voyix 's Digital Banking business for $2.45 billion, with potential additional contingent consideration of up to $100 million. The acquired business has been rebranded as Candescent and is now a privately held company. Candescent remains the largest independent platform of its kind in the United States, serving over 1,300 financial institutions and 29 million registered users.
As a standalone company under Veritas ownership, Candescent will focus on delivering exceptional customer experiences and developing new products to expand its value proposition. The transaction, originally announced on August 6, 2024, positions Candescent to leverage its modern platforms and continue its growth in the digital banking sector.
NCR Voyix (NYSE: VYX) has announced a significant reduction of $1.84 billion in its outstanding debt and other obligations, utilizing proceeds from the sale of its Digital Banking segment. The company has fully repaid its $192.5 million term loan facility and $200 million revolving credit facility. Additionally, NCR Voyix has conducted a tender offer for senior notes, repurchasing $1.195 billion of notes for $1.206 billion. The company has also terminated its $251.5 million trade receivables facility.
CFO Brian Webb-Walsh stated that this move has strengthened the company's balance sheet, reduced annual interest expenses, and improved its financial position. The anticipated interest expense on remaining bonds is expected to be approximately $55 million annually.
NCR Voyix (NYSE: VYX) has completed the sale of its Digital Banking business to Veritas Capital for $2.45 billion in cash, with potential for an additional $100 million in contingent consideration. This transaction marks a significant step for NCR Voyix as it narrows its focus on core restaurant and retail businesses to enhance long-term shareholder value.
David Wilkinson, CEO of NCR Voyix, emphasized the strategic importance of this move. Brendan Tansill, CEO of the newly branded Candescent (formerly NCR Voyix's Digital Banking business), expressed optimism about the company's future growth as a standalone entity, highlighting its position as a market leader with a fully integrated digital-first platform.
NCR Voyix (NYSE: VYX) has been recognized by RBR Data Services as the world's largest provider of self-checkout technology, maintaining its leadership position for over two decades. As retailers explore various self-checkout options, including mobile applications, smart carts, and hybrid systems, NCR Voyix is at the forefront with innovative software and services.
Eric Schoch, executive vice president and president of NCR Voyix Retail, emphasized the company's commitment to enhancing retail operations through their comprehensive suite of software and services. Their cloud-based commerce platform is designed to evolve, providing seamless integration and management capabilities.
RBR Data Services reported an increasing adoption of self-checkout technology across various retail sectors. NCR Voyix's self-checkout solution helps businesses address challenges in the labor market, analyze consumer trends, and offer customers flexible checkout experiences.
NCR Voyix (NYSE: VYX) has extended its tender offers to purchase up to $1,177,079,565 of its outstanding Senior Notes. The offers, previously set to expire on September 24, 2024, will now extend to September 26, 2024, at 5:00 p.m., New York City time, and continue daily until certain conditions are met, including the closing of the Digital Banking segment sale.
Key points:
- The tender offers were oversubscribed as of September 9, 2024
- No additional Notes tendered after the Early Tender Date will be accepted
- Purchased Notes will be subject to proration
- Payment for accepted Notes will be made promptly following the Expiration Date
- The offers are subject to conditions specified in the Offer to Purchase
The company reserves the right to extend, terminate, or amend the offers. Goldman Sachs & Co. and J.P. Morgan Securities are acting as dealer managers for the tender offers.
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