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NCR cashes in on data warehousing

Cashpoint company NCR has announced strong operating performance for the first quarter, ending 31 March. The company reported profits of $22m, excluding acquisitions and bad debts, on net income of $117m.
Written by silicon.com staff, Contributor

Cashpoint company NCR has announced strong operating performance for the first quarter, ending 31 March. The company reported profits of $22m, excluding acquisitions and bad debts, on net income of $117m.

Net earnings rose 83 per cent based on increased sales, including 21 per cent revenue increases in data warehousing, 18 per cent in retail store automation and eight per cent in financial self service. Lars Nyberg, chairman and CEO at NCR, said in a statement: "The strength of our earnings this quarter clearly demonstrates that we are now a growth company." Second quarter 2001 revenue growth is targeted at five per cent, including 15 to 20 per cent revenue growth from data warehousing. NCR stock surged by more than 10 per cent in response to today's news. By Nik Hole
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