NCR Voyix ( (VYX) ) has provided an announcement.
NCR Voyix reported its financial results for the fourth quarter and full year 2024, showing a decrease in revenue to $682 million for the quarter and $2.8 billion for the year, compared to the previous year. Despite the revenue decline, the company reduced its net loss significantly and improved its adjusted EBITDA. The company continues to execute its transformation initiatives, including the sale of its Digital Banking unit and improvements in cost structure. Recent leadership changes include appointing James G. Kelly as CEO and Darren Wilson as Executive Vice President. The company also completed a $100 million share repurchase. Looking ahead, NCR Voyix has provided a 2025 outlook with expectations for revenue and adjusted EBITDA growth.
More about NCR Voyix
NCR Voyix Corporation (NYSE: VYX) is a leading global provider of digital commerce solutions for the retail and restaurant industries. The company focuses on transforming retail stores and restaurant systems through platform-led SaaS and services capabilities. Headquartered in Atlanta, Georgia, NCR Voyix serves customers in over 30 countries worldwide.
YTD Price Performance: -12.61%
Average Trading Volume: 1,386,458
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $1.71B
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