NCR Voyix (VYX) has introduced its latest self-checkout solution, leveraging the advanced capabilities of the NCR Voyix Commerce Platform. This is the first solution that the company has launched after its separation of business into the digital commerce-based NCR Voyix and ATM-business-focused NCR Atleos.The newly introduced solution is focused on simplifying the store checkout process through various technologies like radio frequency identification, bar code scanning, computer vision and more to create a ...

Digital commerce company NCR Voyix has introduced a new self-checkout offering. The NCR Voyix Next Generation Self-Checkout Solution, announced in a news release Sunday (Jan. 14), was designed with the arrival of frictionless hybrid stores in mind, letting retailers “pivot quickly between assisted and self-checkout lanes or cash and cashless lanes.”The solution uses multiple signals — such as bar code scanning, computer vision, RFID and more — to lower shopper friction and “drive natural inclusivity,” the c ...

ATLANTA--(BUSINESS WIRE)--NCR Voyix Corporation (NYSE: VYX), a leading global provider of digital commerce solutions for the retail, restaurant and banking industries, has released key findings from its first Digital Commerce Index. The U.S. consumer survey explores how dining, grocery and fuel convenience purchase behaviors are changing. Self-Checkout is Making Strides with Consumers Self-checkout continues to gain traction, with 43% percent of consumers expressing a preference for it over traditional ...

ATLANTA--(BUSINESS WIRE)--NCR Voyix Corporation (NYSE: VYX), a leading global platform and provider of digital commerce solutions for the retail, restaurant and banking industries, and the world’s largest self-checkout vendor, today announced the launch of its Next Generation Self-Checkout Solution powered by NCR Voyix Commerce Platform. The NCR Voyix Next Generation Self-Checkout Solution is a significant evolution in the checkout experience for retailers and shoppers alike. It caters to changing shoppe ...

Revenue Performance - Revenue for Q3 2023 was $2,017 million, a 2% increase compared to the same period last year[209]. - Recurring revenue increased by 7% year-over-year, accounting for 65% of total consolidated revenue[209]. - Total revenue for the three months ended September 30, 2023, increased by 2% to $2,017 million compared to $1,972 million in 2022[224]. - Total revenue for the nine months ended September 30, 2023, increased by 1% to $5,894 million compared to $5,835 million in 2022[225]. - Digital Banking revenue increased by 7% in Q3 2023, reaching $147 million compared to $137 million in Q3 2022[251]. - Payments & Network revenue increased by 6% in Q3 2023, totaling $357 million, due to higher margin ATM transactions[257]. - Self-Service Banking revenue grew by 4% in Q3 2023, totaling $666 million, driven by recurring ATM as-a-Service arrangements[258]. Segment Performance - The company will manage its operations using three reportable segments: Retail, Restaurant, and Digital Banking starting Q4 2023[201]. - Adjusted EBITDA for Hospitality segment increased by 16% in Q3 2023, reaching $59 million, compared to $51 million in Q3 2022[260]. - Retail Adjusted EBITDA rose by 3% in Q3 2023, totaling $132 million, attributed to a favorable revenue mix and cost improvements[259]. - Self-Service Banking Adjusted EBITDA increased by 13% in Q3 2023, reaching $169 million, primarily due to improvements in component and fuel costs[263]. - Digital Banking Adjusted EBITDA decreased by 3% in Q3 2023, totaling $58 million, impacted by increased selling and R&D expenses[261]. Profitability and Margins - Total gross margin for Q3 2023 was $627 million, a 28% increase from $491 million in Q3 2022[212]. - Gross margin for the nine months ended September 30, 2023, was 27.7%, up from 23.5% in the same period of 2022, benefiting from $85 million of unrealized gains on terminated interest rate derivative contracts[229]. - Adjusted EBITDA for the three months ended September 30, 2023, was $404 million, representing a 6% increase from $380 million in 2022[216]. - Adjusted EBITDA for the nine months ended September 30, 2023, was $1,095 million, an 11% increase from $990 million in 2022[216]. Expenses - Selling, general and administrative expenses for the nine months ended September 30, 2023, were $956 million, an 8% increase from $886 million in 2022, with the percentage of total revenue rising from 15.2% to 16.2%[233]. - Research and development expenses for the nine months ended September 30, 2023, were $164 million, a decrease from $175 million in 2022, with the percentage of total revenue increasing from 2.8% to 3.0%[236]. - Interest expense for the nine months ended September 30, 2023, was $259 million, a 27% increase from $204 million in 2022, primarily due to rising variable interest rates[240]. Cash Flow and Debt - Net cash provided by operating activities increased to $728 million for the nine months ended September 30, 2023, up from $245 million in the same period of 2022, driven by a favorable movement in net working capital accounts of $570 million[267]. - Adjusted free cash flow-unrestricted for the nine months ended September 30, 2023, was $421 million, a significant increase of $459 million compared to a negative $38 million in 2022[269]. - Total debt as of September 30, 2023, was $7.65 billion, with cash and cash equivalents totaling $675 million[285]. - The Senior Secured Credit Facility had an outstanding balance of $1.801 billion as of September 30, 2023, with an additional $438 million drawn from a five-year Revolving Credit Facility[272]. - On October 16, 2023, the company made a cash distribution of approximately $3.0 billion to repay all accrued and unpaid loans under the Senior Secured Credit Facility[278]. Strategic Initiatives - The company anticipates a focus on transforming into a software-led as-a-service company with a higher mix of recurring revenue streams[291]. - The company plans to continue advancing its strategic growth initiatives and expects to deliver increased value to customers and stockholders[291]. - The company has a strategy focused on transforming its business model and integrating acquisitions, which may take longer to realize than expected[293]. Risks and Challenges - The company continues to face macroeconomic pressures, including supply chain challenges and foreign currency fluctuations[207]. - The company faces risks related to data privacy and cybersecurity, including a ransomware incident in April 2023[296]. - The potential strategic benefits from the separation of the company may not be fully realized, impacting stockholder value[293]. - The company is managing its level of indebtedness and cash flow sufficiency to service its debt obligations[296]. Foreign Currency Exposure - The company experienced a 1% unfavorable impact from foreign currency fluctuations on total revenue for the nine months ended September 30, 2023[225]. - As of September 30, 2023, the company had exposure to approximately 45 functional currencies, impacting its results due to foreign currency exchange rate fluctuations[297]. - A 10% appreciation in the value of the U.S. Dollar against foreign currencies would decrease the fair value of the hedge portfolio by $32 million as of September 30, 2023[299]. - The company hedges foreign currency risks primarily through forward and option contracts related to inter-company inventory purchases[297].

NCR Voyix Corporation (NYSE:VYX) Q3 2023 Earnings Conference Call November 9, 2023 4:30 PM ET Company Participants Michael Nelson - Treasurer and Vice President, Investor Relations David Wilkinson - Chief Executive Officer Brian Webb-Walsh - Chief Financial Officer Conference Call Participants Dan Perlin - RBC Capital Markets Matt Summerville - D.A. Davison Erik Woodring - Morgan Stanley Ian Zaffino - Oppenheimer Operator Good day. And welcome to the NCR Voyix Corporation Third Quarter Fiscal Year 2023 Earn ...

NCR Corporation (NCR) Q2 2023 Earnings Conference Call August 2, 2023 4:30 PM ET Company Participants Michael Nelson - Treasurer and VP-IR Mike Hayford - CEO Tim Oliver - CFO Owen Sullivan - President and COO David Wilkinson - President, Commerce Business and CEO, NCR Voyix Conference Call Participants Charles Nabhan - Stephens Matt Summerville - D.A. Davidson Kartik Mehta - North Coast Research Erik Woodring - Morgan Stanley Isaac Sellhausen - Oppenheimer Operator Good day and welcome to the NCR Corporatio ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________ FORM 10-Q ________________________ (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number: 001-00395 NCR CORPORATION (Exact name ...

1 Q1 2023 EARNINGS CONFERENCE CALL MICHAEL HAYFORD, CEO OWEN SULLIVAN, PRESIDENT & COO TIM OLIVER, CFO May 4, 2023 NOTES TO INVESTORS FORWARD-LOOKING STATEMENTS. Comments made during this conference call and in these materials contain "forwardlooking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 (the "Act ...

NCR Corporation (NCR) Q1 2023 Earnings Conference Call May 4, 2023 4:30 PM ET Company Participants Michael Nelson - Treasurer & Investor Relations Mike Hayford - Chief Executive Officer Tim Oliver - Chief Financial Officer Owen Sullivan - President & Chief Operating Officer Conference Call Participants Paul Chung - JPMorgan Charles Nabhan - Stephens Matt Summerville - D.A. Davidson Ian Zaffino - Oppenheimer Matthew Roswell - RBC Capital Markets Operator Good day and welcome to the NCR Corporation First Qua ...