NCR CORPORATION - NCR STOCK NEWS

NCR Corporation (NYSE: NCR) has been selected by U.S. Century Bank to enhance its digital banking services. The $1.4 billion-asset bank is undertaking a digital transformation and chose NCR's Digital Banking DI platform for its user-friendly interface and integration capabilities. U.S. Century Bank aims to provide a seamless experience for both consumers and businesses, including Spanish-language support, to accommodate its diverse customer base. This partnership exemplifies NCR's commitment to driving digital transformation in the financial sector.

NCR Corporation (NYSE: NCR) announced that Chief Financial Officer Tim Oliver will participate in a fireside chat at the Morgan Stanley Life After Covid: 2021 Thematic Virtual Conference on May 20, 2021, at 9:00 a.m. Eastern Time. A live webcast and replay will be accessible in the Investor Relations section of NCR.com for 90 days post-session. NCR, a leader in software and services for the financial, retail, and hospitality sectors, is headquartered in Atlanta and employs 36,000 individuals worldwide.

NCR Corporation (NYSE: NCR) announced that over 99% of Cardtronics shareholders voted in favor of its acquisition during meetings held on May 7. The deal is anticipated to finalize by mid-2021, pending regulatory approvals and customary closing conditions. This acquisition aligns with NCR's strategy to enhance its offerings in the financial, retail, and hospitality sectors, bolstering its market position.

NCR Corporation (NYSE: NCR) has been recognized as a global leader in the RBR Branch Transformation 2021 report, highlighting its significant role in the financial industry. NCR holds a 53% market share in Assisted Self Service Terminals globally, excluding China, and leads in key markets such as the U.S., Canada, Turkey, and Saudi Arabia. The report underscores NCR's successful strategy in blending digital and physical banking solutions, enhancing customer experiences while reducing costs, ultimately strengthening its competitive position.

NCR Corporation (NYSE: NCR) reported a 3% increase in revenue for Q1 2021, totaling $1,544 million. Recurring revenue grew by 9% to $874 million, contributing to significant margin expansion due to cost reductions. The company posted GAAP diluted EPS of $0.19 and non-GAAP EPS of $0.51, representing a 65% increase. Cash flow from operations reached $155 million, with free cash flow at $98 million. However, the ongoing COVID-19 pandemic is expected to negatively impact future revenues, particularly in hardware.

NCR Corporation has announced a global partnership with Google Cloud to enhance its Digital Banking software and expand cloud availability. This collaboration aims to accelerate digital transformation for financial institutions by leveraging NCR's industry expertise and Google Cloud's secure infrastructure. The partnership will offer improved cloud-based solutions and analytics, enabling banks to deploy new services efficiently. Both companies aim to drive innovation in the financial services sector, providing scalable, flexible solutions tailored to customer needs.

NCR Corporation (NYSE: NCR) is collaborating with the U.S. Small Business Administration (SBA) to assist its customers in accessing Restaurant Revitalization Fund (RRF) grants. This initiative aims to support the restaurant sector, significantly affected by the COVID-19 pandemic, as part of the American Rescue Plan's $28.6 billion allocation for small businesses. NCR will provide validated sales data for its customers, simplifying the application process for these grants. NCR's commitment is to help restore jobs and sustain the restaurant industry during these challenging times.

NCR Corporation (NYSE: NCR) announced that 121 Financial Credit Union in Jacksonville, Fla., has chosen NCR Digital Banking to enhance the connection between its physical and digital services. This collaboration aims to improve member experience by offering financial wellness tools and a single platform for both consumer and business banking. NCR's COO highlighted the importance of understanding member needs for tailored financial services, while NCR's president emphasized the goal of increasing member loyalty and retention through better digital experiences.