NCR Corp expects to report second-quarter earnings more than double Wall Street expectations, largely as a result of revenue growth well ahead of expectations at its Teradata data warehousing and financial self-service products.
It forecast that second-quarter revenue would be in the range of $1.44bn to $1.45bn, at least 5% up on last year’s figure. Earnings per share are expected to top $0.35 while the consensus of analysts polled by First Call was for a figure of $0.18.
The earnings figure was boosted by a $85m benefit from resolving a tax matter and a $2m after-tax break-up fee related to a proposed acquisition. When these items are included, the earnings-per-share figure is in excess of $1.25.
The company has been riding high this year. When it reported first-quarter figures in April, data warehousing showed 10% revenue growth, and there was 11% growth in its financial self-services operation.