NCR Corporation, the self-service kiosk and point of sale terminal supplier, has announced its fourth quarter 2015 results, which reveal that full year revenue fell 3 per cent to $6.37 billion in 2015.
Fourth quarter revenue decreased to $1.68 billion, down 5 per cent compared to the same period in 2014.
Chairman and CEO Bill Nuti commented, "Our overall fourth quarter results were in-line with our expectations and concluded a successful year for NCR and our customers."
He said performance across the business was solid, and highlighted Retail Solutions as an especially strong segment, where operating income increased 17 per cent in Q4.
This increase was attributed to higher revenue and expense management.
Looking ahead to 2016, NCR expects revenue to be between $6.1 billion and $6.2 billion. The company disclosed additional information on its plan for the current year in its 2015 Fourth Quarter Earnings Conference Call on Tuesday.
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Brian Dermody. To subscribe to ESM: The European Supermarket Magazine, click here.
