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October 14, 1998

NCR ACHIEVES PROFIT THROUGH Q3 COST REDUCTIONS

By CBR Staff Writer

NCR Corp, the Dayton, Ohio-based supplier of computers, automated teller machines and cash registers, eked out a slim profit in its third quarter through September, principally through an 8% reduction in total costs. Net profits came in at $25m compared to losses last time of $9m but revenues fell by 0.5% to $1.56bn. NCR said the flat revenues were a direct result of the company’s planned exit from the commodity computer systems market. Total orders across the company rose by a modest 2% over year-ago levels. However, NCR claimed to have seen an 80% jump in orders received for hardware systems and software associated with its data warehousing activities. Chief executive Lars Nyberg said, We are winning share in the ATM business and, most importantly, the strength of data warehousing orders is indicative of NCR’s expanding presence in this fast growing segment. We are not declaring victory yet, but we are clearly showing progress.” Nyberg said his company would go on to meet or exceed the expectations of the financial community in the fourth quarter.

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