NCR Voyix Q1 2024: Mixed Bag With Revenue Dip, Profit Beat

NCR Voyix Corporation (NYSE:VYX) reported a first-quarter FY24 revenue decline of 6% Y/Y to $862 million, beating the consensus of $859.3 million.

Software & Services revenue rose 2% Y/Y to $666 million. Segment ARR stood at $2.1 billion, an increase of 5% Y/Y, with Software ARR of $1.3 billion (+6% Y/Y) in the quarter.

Adjusted EBITDA declined 3% Y/Y to $120 million. ...

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