NCR elects Deborah A. Farrington to its Board of Directors

Duluth, Ga., 2017-Nov-28 — /EPR Retail News/ — NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions, today (November 27, 2017) announced that its Board of Directors has elected Deborah A. Farrington, co-founder and general partner of StarVest Partners, L.P. and president of StarVest Management, Inc. to the company’s board.

StarVest Partners, L.P. is a venture capital firm focused on technology-enabled business services investments that was founded in New York City in 1999. StarVest Partners was an early investor in software-as-a-service (SaaS), having invested in NetSuite Inc., a leading SaaS enterprise resource planning (ERP) company, as the first venture investor in 2000. Ms. Farrington was lead director and chairman of the compensation committee of NetSuite from its initial public offering in 2007 to its acquisition by Oracle in November 2016.  She is a director and chairman of the compensation committee of Collectors Universe, Inc. (NASDAQ: CLTC).  Representing StarVest, she serves as a board member for a number of portfolio companies in the SaaS, fintech, human capital and data and analytics sectors.  She has been named to the Forbes Midas 100 List of top venture capitalists multiple times.

Earlier in her career she was an investment banker, securities analyst and manager with Merrill Lynch & Co. in New York, Hong Kong and Tokyo, and she also worked at Chase Manhattan Bank. A graduate of Smith College, where she is a member of the Board of Trustees, Ms. Farrington earned an MBA from the Harvard Business School, where she served on the Visiting Committee.

“We welcome Deborah to our board,” said Bill Nuti, chairman and CEO, NCR Corporation. “Deborah comes to our board with a valuable history in Financial Services and experience investing in high-quality software companies, and she participates on numerous high-growth software/SaaS company boards, including experience as Lead Director for NetSuite. She is another great asset to our board and she will continue to help NCR transform its business model.“

In accordance with NCR’s declassified board procedures, Ms. Farrington will be a candidate for re-election to the board at the company’s 2018 annual meeting of stockholders.

About NCR Corporation

NCR Corporation (NYSE: NCR) is a leader in omni-channel solutions, turning everyday interactions with businesses into exceptional experiences. With its software, hardware, and portfolio of services, NCR enables nearly 700 million transactions daily across the financial, retail, hospitality, travel, telecom and technology industries. NCR solutions run the everyday transactions that make your life easier. NCR is headquartered in Duluth, Ga., with about 30,000 employees and does business in 180 countries. NCR is a trademark of NCR Corporation in the United States and other countries. NCR encourages investors to visit its website which is updated regularly with financial and other important information about NCR.

Website: www.ncr.com
Twitter: @NCRCorporation
Facebook: www.facebook.com/ncrcorp
LinkedIn: www.linkedin.com/company/ncr-corporation
YouTube: www.youtube.com/user/ncrcorporation

NCR Investor Contact:
Michael Nelson
NCR Corporation
678-808-6995
michael.nelson@ncr.com

NCR Media Contact:
Scott Sykes
NCR Corporation
212-589-8428
scott.sykes@ncr.com

Source: NCR Corporation

NCR elects Matthew Thompson to its board

Duluth, Ga., 2017-Nov-01 — /EPR Retail News/ — NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions, today (October 30, 2017 ) announced that its Board of Directors has elected Matthew Thompson, executive vice president of field operations for Adobe, to the company’s board.

Matt’s sales career has spanned 35 years. In his current role, Matt leads Adobe’s global sales force and customer-facing functions. Prior to joining Adobe in 2007, he led sales teams at Borland, Marimba, Cadence Design Systems (acquired by PeopleSoft) and Electronic Data Systems (acquired by HP).

“We are delighted to welcome Matt to our board,” said Bill Nuti, chairman and CEO, NCR Corporation. “We look forward to the perspectives and insights he can contribute, particularly as a Software Sales leader with extensive knowledge of Cloud and SaaS transformation.”

In accordance with NCR’s declassified board procedures, Mr. Thompson will be a candidate for re-election to the board at the company’s 2018 annual meeting of stockholders.

Matt graduated from Northern Illinois University with a bachelor’s degree in marketing and management.

About NCR Corporation

NCR Corporation (NYSE: NCR) is a leader in omni-channel solutions, turning everyday interactions with businesses into exceptional experiences. With its software, hardware, and portfolio of services, NCR enables nearly 700 million transactions daily across the financial, retail, hospitality, travel, telecom and technology industries. NCR solutions run the everyday transactions that make your life easier. NCR is headquartered in Duluth, Ga., with about 30,000 employees and does business in 180 countries. NCR is a trademark of NCR Corporation in the United States and other countries. NCR encourages investors to visit its website which is updated regularly with financial and other important information about NCR.

Website: www.ncr.com

Twitter: @NCRCorporation
Facebook: www.facebook.com/ncrcorp
LinkedIn: www.linkedin.com/company/ncr-corporation
YouTube: www.youtube.com/user/ncrcorporation

NCR Investor Contact:
Michael Nelson
NCR Corporation
678-808-6995
michael.nelson@ncr.com

NCR Media Contact:
Scott Sykes
NCR Corporation
212-589-8428
scott.sykes@ncr.com

Source: NCR Corporation

NCR’s Chairman and CEO Bill Nuti selected as one of Atlanta Business Chronicle’s 2017 Most Admired CEOs

Duluth, Ga., 2017-Aug-21 — /EPR Retail News/ — NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions, today (August 17, 2017) announced that Chairman and CEO Bill Nuti has been selected as one of Atlanta Business Chronicle’s Most Admired CEOs for 2017.

“Bill transformed NCR into the software-focused, omni-channel solutions leader we are today,” said NCR Executive Vice President, Chief Administration Office and Chief Human Resources Officer, Andrea Ledford. “This recognition from Atlanta Business Chronicle further validates Bill’s leadership of NCR and his contributions to the community.”

Bill’s biggest contribution to the Atlanta community has been to lead a thriving company that employs 30,000 people globally, including approximately 3,000 in metro Atlanta. In 2015, he announced that NCR would build a new, global headquarters campus in Midtown Atlanta, with the first phase to open in early 2018.

In addition, Bill has focused the NCR Foundation to strengthen the communities in which NCR operates by making grants to nonprofit partners in the focus areas of health-related support programs, STEM education and disability issues. In 2016, the Foundation made grants exceeding $1.1 million. Atlanta-area nonprofit partners include Children’s Hospital of Atlanta, Junior Achievement, Women in Technology and the Georgia Institute of Technology.

The Most Admired CEOs award recognizes established Atlanta leaders in 18 categories who have a strong vision for their companies, have shown commitment to culture in the workplace and made significant contributions to the metro Atlanta community.  The selection committee was comprised of Atlanta Business Chronicle’s editorial team and former Most Admired CEO winners.

Bill was selected for the public companies category this year.  He was also chosen as a Most Admired CEO honoree in 2015.

About NCR Corporation
NCR Corporation (NYSE: NCR) is a leader in omni-channel solutions, turning everyday interactions with businesses into exceptional experiences. With its software, hardware, and portfolio of services, NCR enables nearly 700 million transactions daily across retail, financial, travel, hospitality, telecom and technology, and small business. NCR solutions run the everyday transactions that make your life easier.

NCR is headquartered in Duluth, Ga., with over 30,000 employees and does business in 180 countries. NCR is a trademark of NCR Corporation in the United States and other countries. NCR encourages investors to visit its web site which is updated regularly with financial and other important information about NCR.

Website: www.ncr.com
Twitter: @NCRCorporation
Facebook: www.facebook.com/ncrcorp
LinkedIn: www.linkedin.com/company/ncr-corporation
YouTube: www.youtube.com/user/ncrcorporation

News Media Contact:
Scott Sykes
NCR
212.589.8428
scott.sykes@ncr.com

Source: NCR Corporation

NCR celebrates the evolution of the ATM industry

Duluth, Ga., 2017-Jun-28 — /EPR Retail News/ — Today (June 27, 2017 ), the ATM is regarded as a convenience that, before its England debut in 1967, would have been considered inconceivable to the common consumer.

Five decades later, the ATM of the connected economy has mobile-like interactions, embedded video capabilities, and the power to deliver more intelligent and interactive experiences. NCR Corporation (NYSE: NCR) celebrates how far the ATM industry has come, and the evolution of the technology that remains at the center of banks’ efforts to reinvent the retail experience and transform their branches.

“What started as a simple cash transaction device is now an indispensable platform that helps banks transform the branch and physical channel experience,” said Bill Nuti, Chairman & CEO, NCR Corporation. “Today, thanks to the efforts of NCR and the industry as a whole, the ATM has become a bridge – a means to blend digital and physical channels and create connected experiences for consumers, and an invaluable tool advancing financial inclusion and opportunity around the world.”

In its long history of innovation, here are just a few key moments in time that NCR celebrates today:

  • 1967 – Barclays in London installs the world’s first ATM on June 27, 1967
  • 1969 – America’s first ATM makes its public debut in Rockville Center, N.Y.
  • 1977 – NCR launches its first ATM, the Model 770, a revolutionary self-service terminal
  • 1980s – NCR introduces the NCR 1780, its drive-up ATM, in Baton Rouge, La.
  • 1998 – NCR installs an ATM at McMurdo Station in Antarctica, the world’s loneliest ATM
  • 2000 – Global ATM installs reach 1 million
  • 2014 – NCR now has ATMs in more than 120 countries
  • 2015 – NCR launches Kalpana™, an enterprise software platform that moves ATM software and operations to the cloud
  • 2017 – NCR launches the NCR SelfServ 80 Series, a mobile-ready ATM built to redefine the banking experience
  • 2017 – NCR Chairman & CEO Bill Nuti awarded the ATM Industry Association’s Lifetime Global Innovation Award in London

For more on the history of the ATM, please click here to watch a video, and click here to view our infographic commemorating the 50th anniversary of the ATM.

About NCR Corporation
NCR Corporation (NYSE: NCR) is a leader in omni-channel solutions, turning everyday interactions with businesses into exceptional experiences. With its software, hardware, and portfolio of services, NCR enables nearly 700 million transactions daily across retail, financial, travel, hospitality, telecom and technology, and small business. NCR solutions run the everyday transactions that make your life easier.

NCR is headquartered in Duluth, Ga., with over 30,000 employees and does business in 180 countries. NCR is a trademark of NCR Corporation in the United States and other countries. NCR encourages investors to visit its web site which is updated regularly with financial and other important information about NCR.

Web site: www.ncr.com
Twitter: @NCRCorporation
Facebook: www.facebook.com/ncrcorp
LinkedIn: www.linkedin.com/company/ncr-corporation
YouTube: www.youtube.com/user/ncrcorporation

News Media Contact:
Aaron Gould
NCR Public Relations
212.589.8556
aaron.gould@ncr.com

Source: NCR Corporation

NCR Chairman and CEO Bill Nuti recognized with the inaugural ATM Industry Association Lifetime Global Innovation Award

Duluth, Ga. and LONDON, 2017-Jun-13 — /EPR Retail News/ — NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions, today (June 12, 2017) announced that Bill Nuti, the company’s Chairman and CEO, has received the inaugural ATM Industry Association (ATMIA) Lifetime Global Innovation Award.

Introduced to mark the 50th anniversary of the ATM, this award recognizes truly outstanding contributions that individuals have made to innovation in the ATM industry, as well as other associated industries.

“Bill is a pioneering leader who has propelled innovation at NCR, and is reinventing how companies engage and connect with customers in the digital economy,” said Ron Delnevo, Executive Director, ATMIA Europe.  “So in this 50th anniversary year of an invention which has transformed financial services forever, it is an honor to bestow this award on Bill.”

As the world’s first ATM installation occurred in Greater London, ATMIA presented its inaugural award at a gala dinner and award ceremony prior to the ATM & Cash Innovation Europe 2017 Conference, London, June 13 – 14.

A panel of ATMIA executives, in consultation with senior industry figures, decided Bill would receive this important recognition.

The introduction of the ATM transformed consumer banking around the world and the last 50 years have seen continuous advancements in ATM solutions, ensuring their position as vital components in the banking infrastructure.

About NCR Corporation
NCR Corporation (NYSE: NCR) is a leader in omni-channel solutions, turning everyday interactions with businesses into exceptional experiences. With its software, hardware, and portfolio of services, NCR enables nearly 700 million transactions daily across retail, financial, travel, hospitality, telecom and technology, and small business. NCR solutions run the everyday transactions that make your life easier.

NCR is headquartered in Duluth, Ga., with over 30,000 employees and does business in 180 countries. NCR is a trademark of NCR Corporation in the United States and other countries. NCR encourages investors to visit its web site which is updated regularly with financial and other important information about NCR.

Web site: www.ncr.com
Twitter: @NCRCorporation
Facebook: www.facebook.com/ncrcorp
LinkedIn: www.linkedin.com/company/ncr-corporation
YouTube: www.youtube.com/user/ncrcorporation

About the ATM Industry Association
The ATM Industry Association is a global not-for-profit trade association, with over 9000 members from around 650 companies in 67 countries. Its mission is to promote ATM convenience, growth and usage worldwide; protect the ATM industry’s assets, interests, good name and public trust; and provide education, best practices, political voice and networking opportunities for member organisations.

Web site: www.atmia.com
Twitter:  @ATM_Industry
LinkedIn: www.linkedin.com/company/atmia
YouTube: www.youtube/user/TheATMIA

News Media Contacts:
Scott Sykes
NCR
212.589.8428
scott.sykes@ncr.com

Elizabeth Jones
ATMIA
+44(0)2072497769
ATMIA@withpr.co.uk

Source: NCR Corporation

NCR Corporation Chairman and CEO Bill Nuti to deliver the keynote presentation at ATM Cash & Innovation Europe 2017

Duluth, Ga. & LONDON, 2017-Jun-03 — /EPR Retail News/ — NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions, today (June 1, 2017) announced that Bill Nuti, Chairman and CEO, will deliver the keynote presentation at the ATM Industry Association’s flagship European industry conference, ATM Cash & Innovation Europe 2017. The event takes place on June 13-14, 2017 in London.

On June 13, Bill Nuti’s keynote presentation will reflect on the 50-year history of ATM innovation, NCR’s pioneering role as an industry solutions provider and the role of ATMs in the connected economy.  NCR will also showcase its latest technology at booth 29-32 in the exhibition hall, including the NCR SelfServ 80 Series, Vision, CxMarketing and Opticash.

“To be able to welcome Bill Nuti as the Keynote speaker of the new Flagship conference of ATMIA Europe is a real honour,” said Ron Delnevo, Executive Director, ATMIA Europe. “His experience and wisdom will illuminate proceedings, as he spearheads the finest group of speakers who have ever gathered for an ATM industry event.”

The newly-renamed event will build on the ATMIA’s long-established ATM event success by bringing together retail banks, independent ATM deployers, network processors, vendors, cash management and service providers in one location. Jointly managed by ATMIA and Reconnaissance, the event will also reflect the evolution of the market, the emergence of new technologies and the importance now attached to generating efficiencies in the entire cash cycle, for both notes and coins, of which ATMs can be a key part.

About the ATM Industry Association
The ATM Industry Association is a global not-for-profit trade association, with over 9000 members from around 650 companies in 67 countries. Its mission is to promote ATM convenience, growth and usage worldwide; protect the ATM industry’s assets, interests, goodname and public trust; and provide education, best practices, political voice and networking opportunities for member organisations.

About NCR Corporation
NCR Corporation (NYSE: NCR) is a leader in omni-channel solutions, turning everyday interactions with businesses into exceptional experiences. With its software, hardware, and portfolio of services, NCR enables nearly 700 million transactions daily across retail, financial, travel, hospitality, telecom and technology, and small business. NCR solutions run the everyday transactions that make your life easier.

NCR is headquartered in Duluth, Ga., with over 30,000 employees and does business in 180 countries. NCR is a trademark of NCR Corporation in the United States and other countries.

Web sites: www.ncr.com;
Twitter: @NCRCorporation
Facebook: www.facebook.com/ncrcorp
LinkedIn: www.linkedin.com/company/ncr-corporation
YouTube: www.youtube.com/user/ncrcorporation

News Media Contacts:
Aaron Gould
NCR Public Relations
212.589.8556
aaron.gould@ncr.com

Elizabeth Jones
ATMIA@withpr.co.uk
+44(0)2072497769

Source:  NCR Corporation

NCR Corporation moves up from 64th in 2016 to 19th in the 2017 edition of The Barron’s 500

Duluth, Ga., 2017-May-29 — /EPR Retail News/ — NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions, today (May 26, 2017) announced it has been ranked 19th in the 2017 edition of The Barron’s 500, up from 64th in 2016.

“We are grateful for the recognition from Barron’s,” said Bill Nuti, Chairman and CEO, NCR. “This ranking further validates our position as a leader in omni-channel software, channel transformation solutions and digital enablement, and that our focus on strong execution, innovation and driving customer success is working.”

The Barron’s 500 is a ranking of the largest publicly traded companies — whose primary stock listing is in the U.S. or Canada — measured by sales growth and cash-flow-based return on investment.

About NCR Corporation
NCR Corporation (NYSE: NCR) is a leader in omni-channel solutions, turning everyday interactions with businesses into exceptional experiences. With its software, hardware, and portfolio of services, NCR enables nearly 700 million transactions daily across retail, financial, travel, hospitality, telecom and technology, and small business. NCR solutions run the everyday transactions that make your life easier.

NCR is headquartered in Duluth, Ga., with over 30,000 employees and does business in 180 countries. NCR is a trademark of NCR Corporation in the United States and other countries. NCR encourages investors to visit its web site which is updated regularly with financial and other important information about NCR.

Web site: www.ncr.com
Twitter: @NCRCorporation
Facebook: www.facebook.com/ncrcorp
LinkedIn: www.linkedin.com/company/ncr-corporation
YouTube: www.youtube.com/user/ncrcorporation

News Media Contact:
Scott Sykes
NCR
212.589.8428
scott.sykes@ncr.com

Investor Contact:
Michael Nelson
NCR
678.808.6995
michael.nelson@ncr.com

Source: NCR Corporation

NCR executive Andrea Ledford named 2017 Chief Human Resources Officer of the Year – Sustainable Workforce

Recognized for Making Workforce Quality and Engagement a Strategic Advantage

Duluth, Ga, 2017-May-03 — /EPR Retail News/ — NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions, today ( May 2, 2017) announced that Executive Vice President of the Chief Administration Office and Chief Human Resources Officer Andrea Ledford has been named 2017 Chief Human Resources Officer of the Year – Sustainable Workforce by HRO Today.

“Andrea is driving corporate strategy as the global leader of critical areas of the business, including Human Resources, Brand Communications and Public Affairs, Corporate Real Estate, Security and the NCR Foundation,” said NCR Chairman and CEO Bill Nuti. “Andrea and her team recognize that people, talent and culture are at the heart of business success today and in the future.”

Ledford and her team are cultivating incredible experiences for employees such as:

  • NCR’s brand transformation from the inside out that reflects our reinvention from a hardware-driven business to an omni-channel leader.
  • The creation of innovative work environments in key, strategic locations around the globe – from India to Atlanta – that enable employee collaboration and teamwork and ultimately drive customer delight.
  • The successful design and implementation of innovative, first-in-class programs and processes that are increasing employee engagement and retention, growing our leaders and decreasing attrition. These include a new learning model driving critical business changes for services and sales teams; a high-touch, impactful employee experience from the recruitment and interview stage through the first year on the job; and a cloud-based HR solution providing employees with easier access to information.

Ledford was among an esteemed group of 18 finalists who are providing the vision to establish HR practices that are driving talent initiatives, contributing to business growth, and creating a culture that can lead in a global marketplace.

Prior to her current position, Ledford served as NCR’s Vice President of Human Resources for the Asia-Pacific region and Europe, Middle East and Africa. Her background also includes HR leadership roles with other global technology companies.

About NCR Corporation
NCR Corporation (NYSE: NCR) is a leader in omni-channel solutions, turning everyday interactions with businesses into exceptional experiences. With its software, hardware, and portfolio of services, NCR enables nearly 700 million transactions daily across retail, financial, travel, hospitality, telecom and technology, and small business. NCR solutions run the everyday transactions that make your life easier.

NCR is headquartered in Duluth, Ga., with over 30,000 employees and does business in 180 countries. NCR is a trademark of NCR Corporation in the United States and other countries.

Web site: www.ncr.com
Twitter: @NCRCorporation
Facebook: www.facebook.com/ncrcorp
LinkedIn: www.linkedin.com/company/ncr-corporation
YouTube: www.youtube.com/user/ncrcorporation

Media Contact:
Scott Sykes
NCR Corporation
212.589.8428
scott.sykes@ncr.com

Source: NCR Corporation

NCR 1Q2017: We are off to a strong start in 2017 with results that exceeded expectations

DULUTH, Ga., 2017-Apr-21 — /EPR Retail News/ — NCR Corporation (NYSE: NCR) reported financial results today for the three months ended March 31, 2017. First quarter highlights include:

  • Revenue of $1.48 billion, up 2% as reported and up 9% excluding FX and the IPS divestiture
  • Software revenue up 8%, software license growth of 29% and cloud growth of 6%; Net ACV of $18 million in the quarter, up 29%
  • GAAP gross margin rate expanded 160 basis points to 27.9%; Non-GAAP gross margin rate expanded 210 basis points constant currency to 29.2%
  • GAAP diluted EPS of $(0.14), down from $0.16 in the prior year due to impact of the deemed dividend from the Q1 Blackstone transaction; Non-GAAP diluted EPS of $0.56, up from $0.38 in the prior year
  • $350 million of share repurchases completed; New $300 million share repurchase authorization approved
  • 2017 GAAP diluted EPS adjusted due to impact of the Q1 Blackstone transaction; 2017 Revenue and Non-GAAP diluted EPS guidance raised; Maintaining our 2017 cash flow guidance

“We are off to a strong start in 2017, with results that exceeded expectations and position us well to accomplish our full year goals,” said Chairman and CEO Bill Nuti. “We generated solid revenue growth and gross margin expansion across each of our business segments driven by our leading portfolio of global omni-channel and channel transformation solutions. In Software, we experienced continued strong demand, including for our cloud solutions while also benefiting from improved efficiency and scale. Our Services business expanded its recurring and implementation revenues and we further advanced our business process improvement initiatives. Store transformation momentum drove further growth in self-checkout revenue in our Hardware business and we are gaining scale as we introduce new products across key markets. Looking ahead, we will remain a global leader in omni-channel software, channel transformation and digital enablement and our solutions support customers of all sizes as they effectively transform their businesses and compete in the digital world. Our focus remains centered on strong execution, innovation, and driving customer success.”

In this release, we use certain performance metrics as well as certain non-GAAP measures, including presenting certain measures on a constant currency and adjusted constant currency basis. The performance metrics include net annual contract value (or Net ACV) and the non-GAAP measures include free cash flow and others with the words “non-GAAP,” “adjusted,” or “constant currency” in their titles. The performance metrics are listed and described, and the non-GAAP measures are listed, described and reconciled to their most directly comparable GAAP measures, under the heading “Performance Metrics and Non-GAAP Financial Measures” later in this release.

First Quarter 2017 Operating Results

Revenue
First quarter revenue of $1.48 billion was up 2% year-over-year. On an adjusted constant currency basis, first quarter revenue was up 9%. Foreign currency fluctuations and the IPS divestiture had an unfavorable impact on the revenue comparison of 1% and 6%, respectively.

The following table shows the revenue by segment for the first quarter:

First Quarter
$ in millions 2017 2016 % Change

% Change
Adjusted
Constant
Currency

Software License $ 85 $ 66 29 % 30 %
Software Maintenance 92 93 (1 %) (1 %)
Cloud 142 134 6 % 6 %
Professional Services 133 126 6 % 7 %
Software Revenue $ 452 $ 419 8 % 8 %
Services Revenue $ 557 $ 543 3 % 4 %
ATM $ 209 $ 226 (8 %) (7 %)
SCO 101 45 124 % 124 %
POS 154 132 17 % 17 %
IPS 5 79 (94 %) (29 %)
Hardware Revenue $ 469 $ 482 (3 %) 15 %
Total Revenue $ 1,478 $ 1,444 2 % 9 %

Gross Margin
First quarter gross margin of $413 million increased 9% from $380 million. First quarter gross margin (non-GAAP) of$432 million increased 9% from $396 million. The increase in gross margin was due to a favorable mix of software and continued focus on productivity improvements, particularly in our Services segment.

Expenses
First quarter operating expenses of $296 million increased from $279 million. First quarter operating expenses (non-GAAP) of $272 million increased from $257 million. The increase in expenses was a result of increased investment in research and development and higher employee related expenses.

Operating Income
First quarter operating income of $117 million increased 16% from $101 million. First quarter operating income (non-GAAP) of $160 million increased 15% from $139 million. The increase in operating income was a result of higher revenue and gross margin rate expansion.

Other (Expense)
First quarter other (expense) and other (expense) (non-GAAP) of $46 million decreased 18% from $56 million. The decrease was primarily due to a more favorable foreign currency impact and lower interest expense compared to the prior year period.

Income Tax Expense
First quarter income tax expense of $14 million increased from $13 million. First quarter income tax expense (non-GAAP) of $27 million increased from $22 million. The increase in income tax expense was due to higher income before taxes in the quarter. In addition, the effective income tax rates improved due to more favorable discrete benefits in the current quarter.

Net Income from Continuing Operations Attributable to NCR
First quarter net income from continuing operations attributable to NCR of $57 million increased from $32 million. First quarter net income from continuing operations attributable to NCR (non-GAAP) of $87 million increased from $61 million.

Cash Flow
First quarter cash provided by operating activities of $43 million increased from $23 million. Free cash outflow was $12 million in the first quarter of 2017 as compared to $29 million in the first quarter of 2016. Improvements in cash flow were due primarily due to higher operating income.

Share Repurchase Programs

During the first quarter of 2017, NCR repurchased approximately 7.4 million shares of its common stock for $350 million.

Additionally, on March 12, 2017, the Company’s board of directors authorized a new $300 million share repurchase program to succeed its 2016 program. The timing and amount of any repurchases under the new program will depend upon market conditions. Repurchases under the new program may be made from time to time in the open market, private transactions, accelerated stock repurchase programs, issuer self-tenders or otherwise, and may be discontinued at any time.

2017 Outlook

We are raising our full year 2017 revenue and non-GAAP diluted earnings per share guidance. Revenue is expected to be $6.63 billion to $6.75 billion, up from previous guidance of $6.60 billion to $6.72 billion, due to improving foreign exchange rates. We expect revenue growth of 1% to 3% as reported and 5% to 7% adjusted constant currency. The 2017 revenue guidance now includes expected foreign currency headwinds of $65 million in revenue versus our prior guidance of $95 million. The 2017 expected growth rates also exclude approximately $143 million of IPS revenue from 2016 due to the IPS divestiture in May 2016.

We are lowering our GAAP diluted earnings per share guidance to $2.20 to $2.32 versus prior guidance of $2.56 to $2.69, due to the impact of the Blackstone transaction in March where NCR repurchased preferred shares at a price in excess of the carrying value which is considered a deemed dividend for GAAP EPS purposes. Our non-GAAP diluted earnings per share is expected to be $3.32 to $3.42, up from previous guidance of $3.27 to $3.37. Our non-GAAP diluted earnings guidance is expected to be up 10% to 14% constant currency. The 2017 non-GAAP diluted earnings per share guidance now includes an expected foreign currency headwind of $0.01 versus our previous guidance of a $0.03 headwind.

Additionally, we continue to expect net cash provided by operating activities to be $805 million to $830 million and free cash flow to be $500 million to $525 million, or approximately 95% to 100% of non-GAAP net income.

Q2 2017 Outlook

For the second quarter of 2017, revenue is expected to be $1.59 billion to $1.62 billion, GAAP diluted earnings per share is expected to be $0.53 to $0.60, and non-GAAP diluted earnings per share is expected to be $0.72 to $0.77. The second quarter 2017 guidance includes expected foreign currency headwinds of $30 million in revenue and $0.01 in diluted earnings per share.

NCR will provide additional information regarding its second quarter and full year 2017 guidance during its first quarter earnings conference call and webcast.

2017 First Quarter Earnings Conference Call

A conference call is scheduled for today at 4:30 p.m. (EDT) to discuss the first quarter 2017 results and guidance for second quarter and full-year 2017. Access to the conference call and accompanying slides, as well as a replay of the call, are available on NCR’s web site at http://investor.ncr.com/. Additionally, the live call can be accessed by dialing 888-820-9413 (United States/Canada Toll-free) or 913-312-0415 (International Toll) and entering the participant passcode 4228682.

More information on NCR’s Q1 2017 earnings, including additional financial information and analysis, is available on NCR’s Investor Relations website at http://investor.ncr.com/.

About NCR Corporation

NCR Corporation (NYSE: NCR) is the global leader in omni-channel solutions, turning everyday interactions with businesses into exceptional experiences. With its software, hardware, and portfolio of services, NCR enables nearly 550 million transactions daily across the financial, retail, hospitality, travel, telecom and technology industries. NCR solutions run the everyday transactions that make your life easier.

NCR is headquartered in Duluth, Georgia with over 33,000 employees and does business in 180 countries. NCR is a trademark of NCR Corporation in the United States and other countries. NCR encourages investors to visit its web site which is updated regularly with financial and other important information about NCR.

Web site: www.ncr.com
Twitter: @NCRCorporation
Facebook: www.facebook.com/ncrcorp
LinkedIn: http://linkd.in/ncrgroup
YouTube: www.youtube.com/user/ncrcorporation

 

Source: NCR Corporation

NCR Corporation
News Media Contact:
Scott Sykes, 212-589-8428
scott.sykes@ncr.com
or
Investor Contact:
Michael Nelson, 678-808-6995
michael.nelson@ncr.com

NCR Corporation announces the appointment of Mark D. Benjamin as President and COO

ATLANTA, 2016-Sep-23 — /EPR Retail News/ — NCR Corporation (NYSE: NCR), the leader in Omni-Channel solutions, announced today (September 21, 2016 ) that Mark D. Benjamin is joining the company as President and Chief Operating Officer. Benjamin will report to Chairman and CEO Bill Nuti, and will be responsible for Sales, Industry Solutions Management, Product Development, Services and Supply Chain Operations.

Benjamin joins NCR from Automatic Data Processing, Inc. (ADP), where he spent 24 years in a series of global assignments. He joined ADP as an account representative and moved up in a number of leadership positions, including ADP’s small business and employer services divisions. Most recently, Benjamin served as the president of ADP’s Global Enterprise Solutions division, leading a team of 20,000 employees, and managing a multi-billion-dollar portfolio of businesses serving clients in over 100 countries.

“Mark brings relevant experience and a great track record of leadership and performance to NCR,” Bill Nuti, Chairman and CEO said. “Mark’s knowledge of cloud-based services, building strong recurring revenue models, the global environment and our go-to-market industries will be invaluable to this next phase of our growth. I’m proud to have a person of his integrity and background joining my team. This is the right time to add this critical role at NCR. The company is performing well, we have established momentum in key markets and solutions, and a continued focus on execution is our top priority.”

“I am honored to join the NCR leadership team,” said Benjamin. “NCR has quickly emerged as a leading innovator with strong vision, the right strategy, and solid growth prospects. Their strategic focus on Omni-Channel is paying off for them and their customers. As the Omni-Channel market matures, customers are increasingly looking for a company that can provide innovative, integrated solutions that harness the powerful insights of data. I look forward to helping NCR, and our customers, achieve their full potential over the coming years.”

Benjamin earned his bachelor’s degree in Business Administration, International Finance and Marketing from the University of Miami.

About NCR Corporation

NCR Corporation (NYSE: NCR) is a leader in Omni-Channel solutions, turning everyday interactions with businesses into exceptional experiences. With its software, hardware and portfolio of services, NCR enables more than 600 million transactions daily across retail, financial, travel, hospitality, telecom and technology, and small business. NCR solutions run the everyday transactions that make your life easier.

NCR is headquartered in Duluth, Ga., with more than 30,000 employees, and does business in 180 countries. NCR is a trademark of NCR Corporation in the United States and other countries.

Web site: www.ncr.com
Twitter: @NCRCorporation
Facebook: www.facebook.com/ncrcorp
LinkedIn: http://linkd.in/ncrgroup
YouTube: www.youtube.com/user/ncrcorporation

News Media Contact:
Scott Sykes
NCR Corporation
212.589.8428
scott.sykes@ncr.com

Investor Contact:
Michael Nelson
NCR Corporation
678.808.6995
michael.nelson@ncr.com

Source: NCR Corporation

NCR Corporation to add second office tower at its new world headquarters campus in Midtown Atlanta

ATLANTA, 2016-Sep-15 — /EPR Retail News/ — NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions, today (September 13, 2016) announced plans to expand the new world headquarters campus under construction in Midtown Atlanta. The expansion will add a second tower to provide the space needed to prepare for future growth and create innovations that will help power the digitally-connected economy.

NCR, the Georgia Department of Economic Development, and Invest Atlanta have agreed on additional incentives that will see NCR bring over 1,800 skilled professionals to Georgia over the next five years and invest $145 million in the second tower. NCR and Cousins Properties entered into a long-term, build-to-suit lease for the second tower, which will be owned and developed by Cousins, as is the first tower on the NCR campus.

“What we are building is more than just a world headquarters campus—this is a commitment to the City of Atlanta, the State of Georgia, our employees, and customers that as the omni-channel leader we are focused on a bold, bright vision for the future,” said NCR President, CEO and Chairman Bill Nuti. “We are building a work environment that mirrors the innovative, connected experiences we create for our customers every day. Our campus will provide a world-class work environment for all of our metro Atlanta employees and become a technology landmark in one of the city’s fastest growing neighborhoods.”

“Georgia is a hotbed for leading technology companies such as NCR because of our extensive technology sector and pro-business climate,” said Georgia Governor Nathan Deal. “NCR is already making a significant impact in the state’s technology industry and the company will reap the benefits of having its headquarters in this thriving technology cluster. NCR’s growth and expansion further proves that Georgia is on the minds of high-tech job creators.”

Phase I of the project, which features a 20-story tower, is under construction and is scheduled for completion in Q1 2018. Phase II, which is in the design phase, will feature a connected, 14-story office tower and is scheduled to be ready for occupancy in Q1 2019.

“I am pleased that NCR has chosen to further expand its global headquarters campus in the City of Atlanta through another capital investment in Midtown and by bringing over 1,800 skilled professionals to our city,” said Atlanta Mayor Kasim Reed. “Atlanta continues to grow as a global technology center that offers companies access to top talent, renowned research institutions and advanced technology infrastructure. In our world-class business community, entrepreneurs and executives can find everything they need to build their dreams.”

NCR’s new state-of-the-art global headquarters campus will be built to enable optimal collaboration and teamwork; feature the technology and tools to support the changing nature of how, when and where work is done; and excite and inspire employees and customers. The campus will feature such amenities as dining options and outdoor seating, coffee bar, gym, informal spaces that spark creativity and a large lecture space.

“We are excited to expand on our relationship with NCR by developing an additional tower for their new cutting-edge corporate headquarters in Midtown,” said President and Chief Executive Officer of Cousins Properties, Larry Gellerstedt. “We are well underway with the first office tower, with delivery slated for early 2018, and we plan to begin construction on the second building by the end of the year.”

About NCR Corporation
NCR Corporation (NYSE: NCR) is a leader in omni-channel solutions, turning everyday interactions with businesses into exceptional experiences. With its software, hardware, and portfolio of services, NCR enables more than 550 million transactions daily across retail, financial, travel, hospitality, telecom and technology, and small business. NCR solutions run the everyday transactions that make your life easier. NCR is headquartered in Duluth, Georgia with over 30,000 employees and does business in 180 countries. NCR is a trademark of NCR Corporation in the United States and other countries.

Website: www.ncr.com
Twitter: @NCRCorporation
Facebook: www.facebook.com/ncrcorp
LinkedIn: www.linkedin.com/company/ncr-corporation
YouTube: www.youtube.com/user/ncrcorporation

News Media Contact:
Albe Zakes
NCR Corporation
267-221-4800
Albe.Zakes@ncr.com

Source: NCR Corporation

NCR Corporation recognized by Institutional Shareholder Services Inc. for its proposal to declassify its Board of Directors

DULUTH, Ga., 2016-Jun-02 — /EPR Retail News/ — NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions, has been recognized by corporate governance firm Institutional Shareholder Services Inc. (ISS) for its governance practices in connection with its proposal to declassify its Board of Directors, which was approved at a special second extension of NCR’s 2016 annual meeting of stockholders.

Declassified boards, also referred to as destaggered boards, are elected in their entirety each year by stockholders, with every director standing for election.  Staggered boards typically have only a portion of the directors up for election each year, with each member serving a multi-year term.

“Corporate governance leadership is a top priority for the NCR Board of Directors, and we appreciate the recognition from ISS for our efforts,” said Bill Nuti, Chairman and CEO, NCR Corporation.  “I applaud our Board for approving thorough solicitation activities to achieve this result, despite the challenging technicalities that prevented approval in prior years.”

In a May 2016 report, “The Difficulties Inherent in Supermajority Vote Requirements – NCR Corporation Shows the Way Out”, ISS writes, “NCR’s extraordinary efforts may be the first time that a company has gone to such lengths to meet a supermajority voting requirement for an item initially proposed by shareholders.”

NCR persisted in its efforts to pass the measure, traditionally regarded as a hallmark of strong corporate governance and stockholder rights, and twice adjourned the annual meeting to secure the votes necessary for the proposal to pass.  Because of a vigorous proxy solicitation campaign conducted at the direction of the company’s Board and management, the declassification proposal passed at the May 11 session.

NCR’s Board included a declassification proposal on the proxy ballot for the company’s 2014 and 2015 annual meetings. While the proposal received strong support each year, it did not attain the supermajority vote required by the Company’s charter.  That requirement is 80 percent of the voting power of all shares entitled to vote in director elections, not just those actually voting. This was further challenging due to NCR’s large number of individual stockholders with relatively smaller holdings, and the requirement that non-votes be treated as votes opposed to the measure.

The results of voting at the 2016 annual meeting of stockholders were disclosed in Current Reports on Form 8-K filed by NCR with the Securities and Exchange Commission.

About NCR Corporation
NCR Corporation (NYSE: NCR) is a leader in omni-channel solutions, turning everyday interactions with businesses into exceptional experiences. With its software, hardware, and portfolio of services, NCR enables more than 550 million transactions daily across retail, financial, travel, hospitality, telecom and technology, and small business. NCR solutions run the everyday transactions that make your life easier.

NCR is headquartered in Duluth, Georgia with over 30,000 employees and does business in 180 countries. NCR is a trademark of NCR Corporation in the United States and other countries.

NCR encourages investors to visit its web site which is updated regularly with financial and other important information about NCR.

Website: www.ncr.com
Twitter: @NCRCorporation
Facebook: www.facebook.com/ncrcorp
LinkedIn: www.linkedin.com/company/ncr-corporation
YouTube: www.youtube.com/user/ncrcorporation 

News Media Contact
Scott Sykes
NCR Corporation
212-589-8428
scott.sykes@ncr.com

Investor Contact

Gavin Bell
NCR Corporation
212.589.8468
gavin.bell@ncr.com

SOURCE: NCR Corporation

NCR Corporation to repurchase $250 million of its common stock

DULUTH, Ga., 2016-Mar-08 — /EPR Retail News/ — NCR Corporation (NYSE: NCR) today announced that it has commenced further repurchases of its common stock under its previously disclosed April 1999 and November 2000 authorized share repurchase programs. The repurchases, which resumed in February, are expected to total $250 million in 2016. These repurchases follow NCR’s successful $1 billion share repurchase in December 2015.

“Share repurchases are an important part of our capital allocation strategy,” said Chairman and CEO Bill Nuti. “Further, these repurchases are an indication of our confidence in future free cash flow, and our belief that the current stock price is very attractive.”

Any share repurchases will be made by NCR in compliance with, and at such times as permitted by, federal securities law and may be suspended or discontinued at any time.

As a result of the share repurchases, NCR is updating its full year 2016 guidance for non-GAAP diluted EPS to $2.85 to $2.95 from its previous guidance of $2.72 to $2.82 as well as its full year 2016 guidance for GAAP diluted EPS to $2.20 to $2.30 from its previous guidance of $2.07 to $2.17. In addition to updating full year 2016 diluted EPS guidance, NCR also reaffirms its full year 2016 and Q1 2016 guidance previously provided in its earnings call on February 9, 2016.

About NCR Corporation
NCR Corporation (NYSE: NCR) is the global leader in consumer transaction technologies, turning everyday interactions with businesses into exceptional experiences. With its software, hardware, and portfolio of services, NCR enables nearly 550 million transactions daily across the financial, retail, hospitality, travel, telecom and technology industries. NCR solutions run the everyday transactions that make your life easier.

NCR is headquartered in Duluth, Georgia with over 30,000 employees and does business in 180 countries. NCR is a trademark of NCR Corporation in the United States and other countries. NCR encourages investors to visit its web site which is updated regularly with financial and other important information about NCR.

Web site: www.ncr.com
Twitter: @NCRCorporation
Facebook: www.facebook.com/ncrcorp
LinkedIn: http://linkd.in/ncrgroup
YouTube: www.youtube.com/user/ncrcorporation

News Media Contact

Scott Sykes
NCR Corporation
212.589.8428
scott.sykes@ncr.com

Investor Contact

Gavin Bell
NCR Corporation
212.589.8468
gavin.bell@ncr.com

Note to Investors: This release contains forward-looking statements. Forward-looking statements use words such as “expect,” “anticipate,” “outlook,” “intend,” “believe,” “will,” “should,” “would,” “could” and words of similar meaning. Statements that describe or relate to NCR’s plans, goals, intentions, strategies or financial outlook, and statements that do not relate to historical or current fact, are examples of forward-looking statements. The forward-looking statements in this release include statements about NCR’s expectations for additional share repurchases in 2016 and non-GAAP earnings for 2016. Forward-looking statements are based on NCR’s current beliefs, expectations and assumptions, which may not prove to be accurate, and involve a number of known and unknown risks and uncertainties, many of which are out of NCR’s control. Forward-looking statements are not guarantees of future performance, and there are a number of important factors that could cause actual outcomes and results to differ materially from the results contemplated by such forward-looking statements, including those factors relating to: domestic and global economic and credit conditions including, in particular, market conditions and spending trends in the financial services industry, fluctuations in oil and commodity prices and their effects on local, regional and global market conditions, and economic and market conditions in Russia and China; the impact of NCR’s indebtedness and its terms on NCR’s financial and operating activities; the impact of the terms of NCR’s strategic relationship with Blackstone and its Series A Convertible Preferred Stock; foreign currency fluctuations; NCR’s ability to successfully introduce new solutions and compete in the information technology industry; the transformation of NCR’s business model and NCR’s ability to sell higher-margin software and services; NCR’s ability to improve execution in its sales and services organizations; defects or errors in NCR’s products or problems with NCR’s hosting facilities; compliance with data privacy and protection requirements; manufacturing disruptions; collectability difficulties in subcontracting relationships in Emerging Industries; the historical seasonality of NCR’s sales; the availability and success of acquisitions, divestitures and alliances; NCR’s pension strategy and underfunded pension obligation; the success of NCR’s ongoing restructuring plan; tax rates; reliance on third party suppliers; development and protection of intellectual property; workforce turnover and the ability to attract and retain skilled employees; environmental exposures from NCR’s historical and ongoing manufacturing activities; and uncertainties with regard to regulations, lawsuits, claims and other matters across various jurisdictions. Additional information concerning these and other factors can be found in NCR’s filings with the U.S. Securities and Exchange Commission, including NCR’s most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. Any forward-looking statement speaks only as of the date on which it is made. NCR does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Non-GAAP Measures

Non-GAAP diluted earnings per share (EPS) is a non-GAAP measure. It is included to provide additional useful information regarding NCR’s financial results, and is not a substitute for, or superior to, its most directly comparable GAAP measure, diluted EPS (GAAP).

NCR’s Non-GAAP diluted EPS is determined by excluding mark-to-market pension adjustments and pension settlements, curtailments and special termination benefits, and other special items including amortization of acquisition related intangibles, from NCR’s GAAP income (loss) from operations. NCR management’s definition and calculation of Non-GAAP diluted EPS may differ slightly from similarly-titled measures reported by other companies and cannot, therefore, be compared with similarly-titled measures of other companies. Non-GAAP diluted EPS should not be considered a substitute for, or superior to, results determined in accordance with GAAP. Non-GAAP diluted EPS is reconciled to its most directly comparable GAAP measure, diluted EPS (GAAP), in the table below.

 

Reconciliation of Diluted Earnings Per Share (GAAP) to Non-GAAP Diluted Earnings Per Share and Diluted Earnings Per Share (non-GAAP)

Description Current 2016 Guidance Prior 2016 Guidance
Diluted EPS (GAAP) $2.20-$2.30 $2.07-$2.17
Restructuring Plan .10 .10
Acquisition-related amortization of intangibles .50 .50
Acquisition-related costs .05 .05
Non-GAAP Diluted EPS $2.85-$2.95 $2.72-$2.82

BevMo! launches its new digital platform using the NCR eCommerce Click & Collect platform

Better experiences now possible as Magento-based online platform integrates with NCR in-store systems and NCR offer-delivery engine for ClubBev! members

NRF Big Show 2016, New York, 2016-Jan-14 — /EPR Retail News/ — BevMo!, the largest specialty beverage retailer on the West Coast, successfully launched its new digital platform using the NCR eCommerce Click & Collect platform. NCR Corporation (NYSE: NCR), the global leader in consumer transaction technologies, had previously deployed Advanced Checkout 7 and Advanced Marketing Solution, NCR’s integrated promotional offer-delivery engine, at all 157 BevMo! stores. With the launch of the Magento Enterprise-based NCR solution, ClubBev! Members can now share the same loyalty club shopping experience regardless of whether they are in-store or online.

“The greatest benefit of the new platform is that BevMo! can now take full advantage of our CRM capabilities by initiating promotional offers to specific ClubBev! Members that are properly managed no matter whether the shopper comes to our stores or chooses to shop online,” said Dan Carter, BevMo!’s Chief Financial Officer.

NCR eCommerce Click & Collect has the flexibility and power to enable a next-level retail experience that consistently crosses channels. The platform enables shoppers to initiate transactions on the merchant’s website, for example, then complete them via in-store pickup. While online, shoppers can select items, access pricing information and promotions, and choose standard and mobile payment options.

“BevMo! is a forward-thinking retailer, using omnichannel platforms to drive their customers with a rich, integrated, and personalized experience across each channel,” said Bill Nuti, Chairman and CEO, NCR Corporation. “NCR continues to drive our strategy of omnichannel experiences through the industries we serve, leveraging powerful software platforms and endpoint technologies to create an exciting user experience.”

“Prior to the delivery of NCR eCommerce Click & Collect, the power of NCR’s Advanced Marketing Solution offer-delivery was limited to just in-store use. We were excited to be the first client of NCR to elevate the power of Advanced Marketing Solution to meet customers wherever they shop – in our stores, at their homes on the web, or on the road with their mobile devices – whether it be for immediate purchase, one-hour pickup at BevMo! stores, same-day home delivery, or overnight shipment,” said Bob Graham, BevMo!’s Vice President of IT. “The power of Magento’s Enterprise open source platform, with its rich 3rd party eco system, and NCR integration capabilities allowed the BevMo! and NCR teams to deploy our new integrated eCommerce platform in record time.”

About NCR Corporation

NCR Corporation (NYSE: NCR) is the global leader in consumer transaction technologies, turning everyday interactions with businesses into exceptional experiences. With its software, hardware, and portfolio of services, NCR enables nearly 550 million transactions daily across retail, financial, travel, hospitality, telecom and technology, and small business. NCR solutions run the everyday transactions that make your life easier.

NCR is headquartered in Duluth, Georgia with approximately 29,000 employees and does business in 180 countries. NCR is a trademark of NCR Corporation in the United States and other countries.

Web site: www.ncr.com, www.ncrsilver.com
Twitter: @NCRCorporation, @NCRRetail
Facebook: NCR Corp., NCR Retail
LinkedIn: NCR Corporation, NCR Retail
YouTube: www.youtube.com/user/ncrcorporation

News Media Contact

Jeff Dudash
NCR Corporation
770.212.5091
jeff.dudash@ncr.com

SOURCE: NCR Corporation

Atlas Holdings LLC will acquire NCR Corporation’s Interactive Printer Solutions (IPS) division

DULUTH, Ga., 2016-1-8 — /EPR Retail News/ — Today, (January 7, 2016) NCR Corporation (NYSE: NCR), the global leader in consumer transaction technologies, announced that it has signed a definitive agreement under which Atlas Holdings LLC will acquire NCR Corporation’s Interactive Printer Solutions (IPS) division. The acquisition is anticipated to be completed in the second quarter of 2016.  Financial terms of the transaction were not disclosed.

NCR’s IPS division is a leading global provider of innovative consumable products and solutions for transactions, logistics and business processes in the retail, financial, hospitality, e-commerce, warehousing, distribution and manufacturing industries. The division provides a comprehensive suite of solutions including stock and custom color-printed paper receipt rolls, pressure-sensitive label solutions, impact inking and thermal transfer ribbons, as well as other transaction related consumable products.

Atlas Holdings LLC and its affiliates own and operate sixteen manufacturing and distribution companies, with approximately 20,000 associates and facilities in over 100 locations across the globe.  Over the past sixteen years, Atlas has successfully partnered with numerous corporations to carve-out business divisions and form stand-alone companies that strengthen their workforces, increase revenues and enhance the communities of which they are a part.

“Over the past 10 years, we have been executing a successful business reinvention led by a vision, mission and strategy that remains focused on driving growth in software and services,” said NCR Chairman and CEO Bill Nuti. “While the consumables business has been an important part of NCR’s history, the decision to sell the IPS division is aligned with our long-term vision for how we can best position NCR for success now and in the future.”

“NCR’s Interactive Printer Solutions is the premier provider of products that help facilitate the world’s transactions, logistics and business processes,” said Andrew M. Bursky, Managing Partner at Atlas Holdings LLC.  “It is an iconic brand, known for its superior quality, innovation and customer service.  This transaction combines that history and current market leadership with Atlas’ financial and human capital, and proven ability to grow global businesses.”

The transaction will include all dedicated assets of the IPS division, including all manufacturing facilities and strategically located IPS distribution centers worldwide, and the IPS employees.  After the acquisition, IPS will operate as a stand-alone portfolio company of Atlas Holdings, and will continue to maintain a commercial relationship with NCR.

The transaction is subject to the receipt of certain regulatory approvals, satisfaction of customary closing conditions, and processes to be followed by NCR subsidiaries and Atlas in applicable jurisdictions, for example, to comply with local laws regarding employees and employee communications.

SunTrust Robinson Humphrey acted as exclusive financial advisor and Womble Carlyle Sandridge & Rice, LLP acted as lead legal counsel to NCR on the transaction. Jones Day acted as legal counsel to Atlas Holdings on the transaction.

About NCR Corporation
NCR Corporation (NYSE: NCR) is the global leader in consumer transaction technologies, turning everyday interactions with businesses into exceptional experiences. With its software, hardware, and portfolio of services, NCR enables nearly 550 million transactions daily across retail, financial, travel, hospitality, telecom and technology, and small business. NCR solutions run the everyday transactions that make your life easier.

NCR is headquartered in Duluth, Georgia with approximately 29,000 employees and does business in 180 countries. NCR is a trademark of NCR Corporation in the United States and other countries.

Web sites: www.ncr.com, www.ncrsilver.com
Twitter: @NCRCorporation
Facebook: www.facebook.com/ncrcorp
LinkedIn: www.linkedin.com/company/ncr-corporation
YouTube: www.youtube.com/user/ncrcorporation

About Atlas Holdings LLC
Founded in 2002, Atlas Holdings LLC is headquartered in Greenwich, Connecticut.   Atlas and its affiliates own 16 companies that employ approximately 20,000 associates and operate from more than 100 facilities across the globe — generating more than $4 billion in revenue annually.  Atlas companies are engaged in a variety of industries, including paper and tissue, packaging, aluminum processing, automotive, building materials, capital equipment, construction, energy, industrial services, power generation, steel, and supply chain management.  Visit www.atlasholdingsllc.com for more information.

Investor Contact:
Gavin Bell
NCR Investor Relations
212.589.8569
gavin.bell@ncr.com

Media Contacts:

For NCR
Jeff Dudash
NCR Public Relations
770.212.5091
jeff.dudash@ncr.com

Lou Casale
NCR Public Relations
212.589.8415
lou.casale@ncr.com

For Atlas Holdings LLC:
David Filippelli
Atlas Holdings LLC
203-622-9138

Note to Investors This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements use words such as “expect,” “anticipate,” “outlook,” “intend,” “believe,” “will,” “should,” “would,” “could” and words of similar meaning. Statements that describe or relate to NCR’s future plans, goals, intentions, strategies or financial outlook, and statements that do not relate to historical or current fact, are examples of forward-looking statements. Forward-looking statements are based on our current beliefs, expectations and assumptions, which may not prove to be accurate, and involve a number of known and unknown risks and uncertainties, many of which are out of NCR’s control. Forward-looking statements are not guarantees of future performance, and there are a number of important factors that could cause actual outcomes and results to differ materially from the results contemplated by such forward-looking statements, including those factors relating to: the successful closing of the sale of the IPS division and achievement of its potential benefits; domestic and global economic and credit conditions including, in particular, market conditions and spending trends in the retail industry and economic and market conditions in Russia and China; the impact of our indebtedness and its terms on our financial and operating activities; foreign currency fluctuations; our ability to successfully introduce new solutions and compete in the information technology industry; the transformation of our business model and our ability to sell higher-margin software and services; our ability to improve execution in our sales and services organizations; defects or errors in our products or problems with our hosting facilities; manufacturing disruptions; collectability difficulties in subcontracting relationships in Emerging Industries; the historical seasonality of our sales; compliance with data privacy and protection requirements; the availability and success of acquisitions, divestitures and alliances, including the acquisition of Digital Insight; our pension strategy and underfunded pension obligation; the success of our ongoing restructuring plan; tax rates; reliance on third party suppliers; development and protection of intellectual property; workforce turnover and the ability to attract and retain skilled employees; environmental exposures from our historical and ongoing manufacturing activities; and uncertainties with regard to regulations, lawsuits, claims and other matters across various jurisdictions. Additional information concerning these and other factors can be found in the Company’s filings with the U.S. Securities and Exchange Commission, including the Company’s most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. Any forward-looking statement speaks only as of the date on which it is made. The Company does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE: NCR Corporation

Richard T. (Mick) McGuire III to resign from NCR’s Board of Directors

DULUTH, Ga., 2015-11-16 — /EPR Retail News/ — NCR Corporation (NYSE: NCR) today announced that Richard T. (Mick) McGuire III, Founder and Managing Partner, Marcato Capital Management, has resigned from the Company’s Board of Directors.  McGuire has served on the Board since November 2014.

“Mick has been a good director who has provided the Board a valuable shareholder perspective,” said NCR Chairman and CEO Bill Nuti.  “We appreciate his support of our announced strategic partnership with Blackstone which we believe will accelerate our strategic transformation and increase long-term shareholder value.  On behalf of the full Board, I’d like to thank Mick for his contributions to the growth and success of NCR and wish him the best going forward.”

Mr. McGuire stated, “It has been a pleasure to serve on the Board of NCR.  I have confidence that the new Blackstone directors will bring ample analytical and strategic resources and a shareholder’s perspective to the Board.”

About NCR Corporation
NCR Corporation (NYSE: NCR) is the global leader in consumer transaction technologies, turning everyday interactions with businesses into exceptional experiences. With its software, hardware, and portfolio of services, NCR enables more than 485 million transactions daily across the financial, retail, hospitality, travel, telecom and technology industries. NCR solutions run the everyday transactions that make your life easier.

NCR is headquartered in Duluth, Georgia with over 29,000 employees and does business in 180 countries. NCR is a trademark of NCR Corporation in the United States and other countries. NCR encourages investors to visit its web site which is updated regularly with financial and other important information about NCR.

Web site: www.ncr.com
Twitter: @NCRCorporation
Facebook: www.facebook.com/ncrcorp
LinkedIn: http://linkd.in/ncrgroup
YouTube: www.youtube.com/user/ncrcorporation

News Media Contact
NCR Corporation
Lou Casale, 212-589-8415
lou.casale@ncr.com

Investor Contact
NCR Corporation
Gavin Bell, 212-589-8468
gavin.bell@ncr.com

SOURCE: NCR Corporation

First Data becomes preferred provider of cybersecurity and payment processing solutions to NCR’s customers in the grocery, petroleum and convenience store industries

  • Agreement establishes First Data as preferred payments technology provider for NCR in grocery, petroleum and convenience store industries
  • NCR becomes First Data’s preferred ATM and services provider, including enterprise license for NCR CxBanking software

DULUTH, Ga. and NEW YORK, 2015-11-16 — /EPR Retail News/ — First Data (NYSE: FDC), a global leader in commerce-enabling technology and solutions, and NCR Corporation (NYSE: NCR), the global leader in consumer transaction technologies, have entered into a strategic commercial agreement. First Data will be a preferred provider of cybersecurity and payment processing solutions to NCR’s customers in the grocery, petroleum and convenience store industries. NCR will be a preferred provider of ATM hardware and services to First Data’s client base of more than 4,000 financial institutions. The two industry leaders will also pursue co-development of integrated commerce technology solutions for U.S. merchant clients.

“As respective leaders in payments and consumer transaction technologies across multiple industries, First Data and NCR are uniquely positioned to add customer value through a holistic consumer experience from the initiation of a transaction to its completion,” said Bill Nuti, Chairman and CEO, NCR Corporation. “We believe this new relationship will help drive revenue growth, reduce costs, and improve security for our customers. As payment security continues to drive decision-making among CIOs and CTOs, NCR and First Data’s unique payment security software will create a winning combination for retailers.”

“We are focused on partnering with NCR to bring integrated technology solutions, including payment acceptance, security, business intelligence, and digital gift card software, to clients in the petroleum, grocery and convenience store industries,” said Guy Chiarello, President, First Data. ”Merchants around the world are concerned with cybersecurity and data protection, and our collaboration with NCR enables us to offer best-in-class security to a broad range of businesses through our TransArmor solution.

Solutions for Grocery, Petroleum and Convenience Store Businesses

The strategic partnership will encompass payment card acceptance and technology solutions for clients in the grocery, petroleum and convenience store sectors. First Data will become a preferred partner of NCR and its value-added resellers in the U.S.

First Data and NCR will also collaborate to develop a payments security infrastructure that includes First Data’s TransArmor® Data Protection integrated with NCR Epsilon and Connected Payments® Gateway, which provides a secure routing technology delivered as a Software-as-a-Service solution. First Data’s TransArmor solution provides powerful payment card security that combines encryption with random-number tokenization technology. With TransArmor, payment card data is protected at every transaction stage, reducing the risk of data breach as well as the scope and costs of PCI compliance.

In addition, the companies will jointly explore opportunities to package their respective payment solutions and value-added services to deliver unique capabilities to their clients.

Solutions for Financial Institutions

Under the agreement, as a preferred provider, First Data will offer NCR’s industry-leading ATM hardware and services to First Data’s client base of more than 4,000 financial institutions. The agreement includes an enterprise license for NCR CxBanking software – such as APTRA applications and NCR Kalpana – allowing First Data to deliver highly accessible and differentiated consumer experiences.

Every second, more than 6,000 transactions around the world are being run through NCR hardware and software. NCR is the global leader in ATM technology and more than $1.134 trillion in cash moves through NCR ATMs each year.

The financial terms of the deal were not disclosed.

About First Data
First Data is a global leader in commerce-enabling technology and solutions, serving approximately six million business locations and 4,000 financial institutions in 118 countries around the world. The company’s 23,000 owner-associates are dedicated to helping companies, from start-ups to the world’s largest corporations, conduct commerce every day by securing and processing more than 2,300 transactions per second and $1.9 trillion per year.

About NCR Corporation
NCR Corporation (NYSE: NCR) is the global leader in consumer transaction technologies, turning everyday interactions with businesses into exceptional experiences. With its software, hardware, and portfolio of services, NCR enables more than 550 million transactions daily across retail, financial, travel, hospitality, telecom and technology, and small business. NCR solutions run the everyday transactions that make your life easier.

NCR is headquartered in Duluth, Georgia with over 30,000 employees and does business in 180 countries. NCR is a trademark of NCR Corporation in the United States and other countries.

Web sites: www.ncr.com
Twitter: @NCRCorporation
Facebook: www.facebook.com/ncrcorp
LinkedIn: www.linkedin.com/company/ncr-corporation
YouTube: www.youtube.com/user/ncrcorporation

News Media Contacts

Jeff Dudash
NCR Public Relations
770.212.5091
jeff.dudash@ncr.com

Liidia Liuksila
First Data Public Relations
212.515.0174
Liidia.liuksila@firstdata.com

SOURCE: NCR Corporation