NCR Corporation reported financial results today for the three months ended Dece. 31, 2011. Reported revenue of $1.64 billion increased 17 percent from the fourth quarter of 2010, on both an actual and a constant currency basis, according to a company press release.
"2011 was a highly successful year for NCR as our consistent execution drove record revenues and gross margin and excellent free cash flow growth," said Bill Nuti, chairman and CEO of NCR in the release. "We generated strong order growth in our core financial and retail businesses and these businesses closed the year with the highest combined backlog in our history."
Highlights included:
- Operational results ahead of expectations; year-end backlog of $1.0 billion up 14 percent versus prior year-end.
- GAAP diluted EPS from continuing operations of $(0.08) compared to $0.20 in the prior year period; non-GAAP diluted EPS from continuing operations( of $0.65, an increase of 16 percent from the prior year period.
- Strong cash flow growth; operating cash flow of $270 million and free cash flow of $229 million.
Read more about manufacturers.
