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NCR Earnings Decline by 9 Percent

July 25, 2002

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DAYTON, Ohio (AP) _ NCR Corp. said Thursday it earned $32 million in the second quarter, down 9 percent from $35 million a year ago. Revenue declines in the sales of checkout scanners to retailers were in part to blame.

The Dayton-based computer services company earned 32 cents a share in the three-month period that ended June 30. That compared to 35 cents a share for the same period in 2001.

NCR reported revenue of $1.38 billion, down 8 percent from $1.5 billion a year ago.

The company said revenue declined 22 percent in the retail automation division and 2 percent in the division that makes automated teller machines.

But NCR President Lars Nyberg said the company’s data-warehousing division turned in a solid revenue performance and strong growth in operating income.

Data warehouses are computer database systems that enable retailers and other companies to tap large stores of information and get quick answers to complex queries about their inventories and other aspects of their business.

``We continued to gain market share as companies around the world make strategic investments in our leading-edge data warehousing technology,″ Nyberg said.

NCR closed Thursday on the New York Stock Exchange at $26.02, down $4.90.

NCR employs 30,400 workers worldwide.


On the Net:

NCR Corp.: http://www.ncr.com

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