NCR CORPORATION - NCR STOCK NEWS

NCR Corporation has suspended sales of all products in Russia amid the ongoing military actions in Ukraine. The company expresses its condemnation of the invasion and is providing support to employees and customers in Ukraine. NCR Foundation is donating $200,000 to UNICEF to assist with the refugee crisis, establishing 'Blue Dot' centers for aid at border entry points. Notably, revenue from Russia and Ukraine accounts for approximately 1% of NCR's total revenue.

NCR Corporation (NYSE: NCR) has acquired fintech intellectual property for Open Banking from Spoke Technologies Limited. This strategic acquisition enhances NCR's digital banking services by integrating data capabilities that support personalized customer experiences across the Financial Services sector. Ismail Amla, Executive VP of NCR, emphasized the added value for clients aiming for digital banking growth in international markets. Financial details of the transaction remain undisclosed.

NCR Corporation (NYSE: NCR) partners with Meriwest Credit Union to enhance member experiences and streamline operations through NCR Digital Banking. The collaboration leverages NCR Terafina’s onboarding solution, facilitating membership growth and a consistent omnichannel experience. Members will benefit from automated enrollment and improved financial services across various access points. Meriwest emphasizes simplicity and security in financial transactions, while NCR aims to support institutions in digital transformation for competitive growth.

NCR Corporation (NYSE: NCR) has announced a partnership with STRATACACHE to enhance restaurant branding through digital signage. This collaboration aims to deliver engaging menus and personalized experiences using advanced technology. The integration of STRATACACHE’s digital solutions with the NCR Commerce Platform will enable restaurants to run agile campaigns and improve service efficiency. The partnership addresses challenges in labor and supply chain management, promoting faster service and increased margins in a competitive market.

NCR Corporation (NYSE: NCR) has partnered with Fort Worth-based EECU to enhance its digital banking services. EECU will utilize NCR's ATM as a Service to manage its ATM operations, aiming for greater uptime and a better member experience. The partnership, which has a history of collaboration, seeks to modernize EECU's self-service channels and expand its offerings, including a new business banking platform. With over $3.3 billion in assets, EECU serves the Fort Worth area and plans to leverage NCR's technology to improve member engagement.

NCR Corporation reported a strong financial performance for the full year 2021, with revenue up 15% to $7.16 billion and recurring revenue growth of 25%. Fourth-quarter revenue increased 25% year-over-year to $2.03 billion, driven by substantial gains in the Banking segment. The company generated $1.08 billion in cash flow from operations and reported a GAAP diluted EPS of $0.58. NCR announced a strategic review to evaluate alternatives for enhancing shareholder value. For 2022, NCR forecasts revenue between $8 billion and $8.2 billion, representing a growth of 12% to 15%.

NCR Corporation will manage nearly half of Bank of Baroda's ATM fleet through its ATM as a Service model. This partnership aims to enhance efficiency, customer experience, and uptime for over 9,800 ATMs, allowing the bank to focus on core operations. Bank of Baroda, with 140 million clients and $163 billion in assets, seeks to innovate digitization and expand transaction options via self-service channels. NCR's solution promises predictable costs and improved service delivery for banking operations.

NCR Corporation (NYSE: NCR) will announce its fourth quarter and full year 2021 financial results on February 8, 2022, after market close. A conference call is set for 4:30 p.m. Eastern Time on the same day, with participants encouraged to dial in 15 minutes prior. The call and materials will be available on NCR's investor website. NCR is a prominent provider of enterprise technology solutions for various sectors, including retail and banking, with a workforce of 38,000 employees globally.