Net losses for the quarter ending in June were $4 million, or 4 cents per share, compared to a loss of $18 million, or 18 cents per share in the same period last year. Analysts had expected a second quarter loss of 8 cents a share, according to First Call.
Revenue for the quarter declined 2 percent to $1.6 billion, compared to $1.7 billion reported in the corresponding quarter a year ago. On a local currency basis, revenue increased one percent, but those gains were offset when translated into U.S. currency.
While retail products revenue grew by 25 percent, financial products rose by 13 percent and professional services by 9 percent over the year-ago period. But those gains were offset by revenue declines in computer systems, media systems products, and customer services.
Revenue increased in the Asia-Pacific region, but declined in both the Americas and Europe-Middle East-Africa regions from the year-ago period.
Total NCR orders were up slightly compared to last year's quarter, in part driven by retail and financial computer systems, entry-level servers and PCs. But orders for computer systems overall declined and tempered NCR's total order volume.
The company had preannounced on June 17 that its earnings for the second quarter would likely fall short of analysts' estimates. The company blamed weak services revenues and disappointing orders for its hardware systems. Since the announcement, at least three analysts have revised expectations downward.