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NCR Corporation ( NCR - Analyst Report ) , the Automated Tailor Machine (ATM) and Point of Sale (POS) service provider, recently revealed that Weilbaecher Enterprises, a Popeye’s Louisiana Kitchen franchisee, has deployed 25 NCR RealPOS point-of-sale (POS) terminals, running Documentor POS software, in its three locations throughout greater Savannah, Ga.
The sale and installation of the solution was handled by NCR channel partner Documentor POS, a supplier of technology systems and services for quick-service restaurants.
This new POS offers a touchscreen navigation terminal, which is a perfect solution for the restaurant business, given its hardy and durable qualities. Since its installation, the franchisee has already seen higher order accuracy and increased cashier productivity, helping customers through reduced wait times and improved service levels.
NCR has been winning deals at regular intervals, and the company recently introduced Total ATM Services targeting the mid-sized and community banks and credit unions. These ATM services will ensure improved availability of services and security of transactions and reduce the operating costs of the overall system.
The total services include Incident Management, which provides overall ATM monitoring and Predictive Services, which anticipate issues beforehand and proactively fix errors to maximize uptime.
NCR has also increased focus on the emerging regions. Recently, the company entered into a strategic alliance with Scopus Tecnologia for manufacturing and developing ATMs in Brazil. According to this deal, Scopus will acquire a 49.0% equity stake in NCR Manaus, NCR’s Brazilian manufacturing and engineering operations.
Concurrently, Banco Bradesco S.A. ( BBD - Snapshot Report ) made NCR its preferred ATM provider through an agreement. The bank placed an initial order of 6,000 machines and announced plans to buy up to 30,000 machines over five years.
NCR’s second quarter results also came in strong, with revenues improving across all regions, especially in BICMEA (Brazil, India, China, Middle East and Africa), where sales were driven by higher customer wins across all sectors. However, overall sales improved due to a recovery in macroeconomic conditions, particularly in the retail, financial services and hospitality industries. We are encouraged by the fiscal year guidance, and believe that the company is well positioned to deliver solid momentum across all its businesses.
We are positive about the company’s market leadership, successful acquisitions, product introductions and continued customer wins. However, the restructuring initiatives have begun impacting the results. Moreover, there is some uncertainty in its entertainment business.
Currently, NCR Corp. has a Zacks #1 Rank, which translates into a short-term Strong Buy rating.
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