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NCR Atleos' share price has grown significantly following its creation as a result of a split of NCR Corporation into two separate entities. The company's Q2-2024 earnings call highlighted growth in services revenue by 6% and ATM as a service revenue by over 30%, signaling strong future prospects in these particular segments. Despite some areas showing high revenue growth, overall revenue growth for H1-2024 versus H1-2023 is just over 5%, and adjusted margin growth is slightly negative.
ATLANTA--(BUSINESS WIRE)--NCR Atleos Corporation (NYSE: NATL) (“Atleos”) reports that Moody's Ratings (Moody's) has upgraded its credit rating, which Atleos believes reflects solid strategic execution and financial performance since the separation from NCR Corporation in October 2023, coupled with the strong free cash flow generation from its businesses. Moody's recently published a Ratings Action stating that Moody's has upgraded NCR Atleos' Corporate Family Rating to B1 from B2 and upgraded t.
An analyst reiterated his bullish view on the fintech's prospects. He was particularly taken by a major divestment that's about to occur.
Publicly traded companies are marked to market each and every day. And when quarterly results roll in, investors parse the data, the top line and the operating margins, and often measure success with each and every earnings report.
NCR Voyix reported its Q2 results, again showing weak hardware sales in the currently poorly performing Retail & Restaurants segments. The divestiture of the Digital Banking segment was announced as NCR Voyix needs to pay down high debt. The sale pushes away VYX's best-growing segment, leaving behind incredibly slow growth. The valuation seems excessive considering the weak future growth outlook after the divestiture, even with VYX's organizational restructuring that should reduce costs.
ATLANTA--(BUSINESS WIRE)--NCR Voyix Corporation (NYSE: VYX) (“NCR Voyix” or the “Company”), a leading global provider of digital commerce solutions, reported financial results today for the three and six months ended June 30, 2024. “The strategic actions announced today support the continued realignment of our operating model to focus on our restaurant and retail customers and will enable us to improve our revenue and earnings growth over time,” said David Wilkinson, NCR Voyix CEO. Q2 2024 Fina.
Ennoconn, a global Industrial solutions provider, has entered into a definitive agreement with NCR Voyix, a global provider of digital commerce solutions.
NEW YORK & ATLANTA--(BUSINESS WIRE)---- $VYX #DigitalBanking--NCR Voyix Corporation (NYSE: VYX) (“NCR Voyix” or “the Company”), a leading global provider of digital commerce solutions, and Veritas Capital (“Veritas”), a leading investor at the intersection of technology and government, today announced the signing of a definitive agreement under which an affiliate of Veritas has agreed to acquire NCR Voyix's cloud-based digital banking business for $2.45 billion in cash plus future additional contingent consideration of.
Payments processor NCR Voyix is exploring the sale of its digital banking business which it hopes will fetch as much as $3 billion, people familiar with the matter said.
ATLANTA--(BUSINESS WIRE)---- $VYX #VYX--NCR Voyix Corporation (NYSE: VYX), a leading global provider of digital commerce solutions, today announced that Sacramento, Calif.-based Golden 1 Credit Union has selected NCR Voyix Digital-First Banking to help drive its digital transformation. With more than $20 billion in assets and over 1.1 million members, Golden 1 is the nation's sixth largest credit union and is committed to creating a more equitable and financially inclusive California by proudly serving all t.