View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
July 15, 1998

NCR POSTS GAIN-FUELED PROFIT

By CBR Staff Writer

NCR Corp, Dayton, Ohio, has reported second-quarter net income of $48m on revenue down 4.3% at $1.57bn, compared to a net loss of $4.0m a year ago. The company said revenue was flat on a constant currency basis. Six-month net income also stood at $48m on revenue that fell 5.0% to $2.88bn, compared to a loss of $20m last year. Earnings per share for the quarter and six-month periods was $0.46. Results include a pre-tax gain of $55m stemming from the sale of the company’s Top End enterprise middleware technology to BEA Systems Inc. Gross margins for the quarter rose to 30%, up 2.2 points from the year-ago quarter, while total orders were down year-over-year by a mid-single-digit percentage. Single-digit gains in financial products and scaleable data warehouse products and double-digit gains in professional service orders were offset by double-digit declines in retail and other computer products. Geographically, revenues saw moderate gains in all markets except in Asia/Pacific and Japan, which saw declines. Total expenses in the second quarter were $449m, down 6% from the year-ago quarter’s $477m.

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU