) recently announced that it is providing retail technology
solutions to four Chinese shopping malls, including Beijing
Baishang, Chengdu Global, Chengde Golden Dragon Royal and Baoding
Ginza shopping mall to make shopping easier for convenience store
The partnering with NCR will help to improve customer
satisfaction to a considerable extent by automating some basic
functions and allowing better customer relations. This should in
turn help to attract new customers. Shopping malls typically
experience stiff competition and need to be extremely
customer-friendly, so better services and quick checkout are
likey to increase footfall.
The initial 240 NCR POS systems were sold through NCR's retail
distributor in China, Beijing Ankexinchuang Science and
Technology Development Co. Ltd. The distributor also provides
data analysis, software development, system integration, hard and
software products distribution which provides faster and quality
shopping experiences for customers and increases operational
NCR reported revenues of $1.54 billion in the second quarter of
2013, up 8.9% from $1.41 billion in the year-ago quarter. The
year-over-year improvement in revenues was mainly due to a 5.2%
increase in Product revenues and a 12.7% increase in Service
NCR is generating decent growth in software and service
revenues across its segments. Moreover, the company's business
volume is increasing regularly.
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NCR Corporation is a global technology company and a world leader
in consumer transaction technologies. However, softness in its
ATM business in the mature markets, stiff competition from
), European exposure and a high debt burden are concerns.
Apart from this, NCR is making considerable efforts to spread its
wings in Asian and African markets. The Asia-Pacific region, the
Middle East and Africa are the areas where the company is
witnessing strong growth.
NCR Corp. has a Zacks Rank #3 (Hold). Other stocks in the
technology industry that are currently performing well and have
good visibility include
), having a Zacks Rank #1 (Strong Buy) and
Advent Software Inc.
), having a Zacks Rank #2 (Buy).