Tuesday, May 14, 1:49 PM
PayPal (EBAY) is pulling out all the stops to challenge Square in the iPad cash register space: it's now offering free payment processing for 2013 to any U.S. business that exchanges a register for a PayPal Here solution, which includes a stand, cash drawer, and printer. Meanwhile, Square is rolling out a $299 stand/card swiper for its iPad solution, and Groupon (GRPN) is launching a register app, rebranding its mobile payments unit (includes a restaurant app) as Breadcrumb, and offering $5K in free payment processing to new clients. VeriFone (PAY) and NCR, whose traditional offerings are threatened by the likes of Square, also offer iPad point-of-sale solutions, as does NetSuite's (N) Retail Anywhere unit.
1 Comment[Tech, Consumer]
Tuesday, April 30, 4:08 PMNCR (NCR): Q1 EPS of $0.54 beats by $0.13. Revenue of $1.41B (+13% Y/Y) beats by $70M. Expects 2013 constant currency revenue growth of 9%-11% vs. 10.1% consensus for actual dollar growth. Expects 2013 EPS of $2.70-$2.80, largely favorable to $2.71 consensus. Shares +2.6% AH. (PR)
Comment![Tech, Earnings, On the Move, Breaking News]
Thursday, February 7, 5:14 PM
Tech guidance roundup: 1) OpenTable (OPEN - earnings) expects Q1 revenue of $44.7M-$46.1M and EPS of $0.39-$0.44 vs. a consensus of $45.8M and $0.46. 2013 guidance is for revenue of $186.1M-$193.1M and EPS of $1.79-$1.96 vs. a consensus of $189.2M and $1.92. 2) Microchip (MCHP - earnings) expects FQ4 revenue of $420.2M-$432.7M and EPS of $0.45-$0.49, above a consensus of $417.8M and $0.42. 3) NCR (NCR - earnings) expects 2013 revenue growth of 9%-11% and EPS of $2.65-$2.75, above a consensus of 8% and $2.58. OPEN unchanged AH. MCHP +6.7%. NCR +3.7%.
Comment![Tech, Earnings, On the Move]
Thursday, February 7, 4:05 PMNCR Corp (NCR): Q4 EPS of $0.72 beats by $0.02. Revenue of $1.64B (+3% Y/Y) misses by $0.02B. (PR)
Comment![Earnings, Breaking News, Tech]
Tuesday, January 15, 9:53 AM
PayPal (EBAY) and point-of-sale hardware king NCR are joining forces in an attempt to challenge Square and its meteoric rise. PayPal will be offered as a payment option at restaurants supporting NCR's Mobile Pay app (works with NCR's Aloha systems), and PayPal's own apps will handle payments at NCR-supporting restaurants. Given NCR's systems are used by half of all major U.S. retail chains, the tie-up could easily be expanded. Square, for its part, is seeing good uptake for its Wallet solution, which supports Pay With Square. (yesterday's deals)
Comment![Tech]
Thursday, January 10, 2:39 PM
NetSuite (N -1.1%) has acquired Retail Anywhere, a developer of point-of-sale (POS) software for retailers, for an undisclosed sum. NetSuite argues a combo of Retail Anywhere's offerings, which include mobile, analytics, and inventory management software, and NetSuite's SuiteCommerce e-commerce platform allow it to deliver an end-to-end retail solution. The purchase puts NetSuite in competition with NCR, which recently announced it's buying POS software firm Retalix. (more)
Comment![Tech, M&A]
Tuesday, December 4, 2012, 4:41 PM
NCR (NCR) is selling $500M worth of 4.625% senior notes due 2021. The company plans to use the proceeds, along with existing cash and credit facility borrowings, to finance its $650M acquisition of Retalix. NCR had $1.41B in debt on its balance sheet as of Sep. 30, along with $581M in cash and equivalents. (PR)
Comment![Tech]
Wednesday, November 28, 2012, 4:13 PMNCR officially announces it's buying Retalix (RTLX) for $30/share in cash, or $650M. The deal is (unsurprisingly, since it's cash-based) expected to be accretive to 2013 earnings, and is seen closing in Q1. NCR claims Retalix's software and services, used in over 70K retail locations, demonstrates its "transformation to a hardware-enabled, software-driven business model." CC at 5:30 PM ET (webcast). NCR and Retalix are halted - the latter soared after news of the deal broke. (PR)
Comment![Tech, On the Move, M&A]
Wednesday, November 28, 2012, 3:00 PM
Retalix (RTLX +25.9%) has soared above $27/share on a report from Israel's Calcalist (Google translation) NCR (NCR -0.4%) is buying the company for $30-$31/share. Talks are said to be in the final stages, with a deal expected shortly. Retalix's software offerings for retailers, which include point-of-sale solutions, would complement NCR's point-of-sale hardware.
Comment![Tech, On the Move, M&A]
Tuesday, November 20, 2012, 11:24 AM
NCR (NCR +2.7%) is trading higher after JPMorgan adds the point-of-sale system vendor to its Focus List. Shares recently got a lift from a major deal with Wal-Mart, but have nonetheless been range-bound for months.
Comment![Tech, On the Move]
Thursday, November 1, 2012, 1:42 PM
NCR (NCR +6.2%) rallies after announcing Wal-Mart (WMT) will install 10K NCR self-checkout lanes in 2013 at 1,200 U.S. stores for an undisclosed sum. The company will be providing engineering and maintenance services along with its hardware. (PR)
4 Comments[Tech, On the Move, Consumer]
Thursday, October 18, 2012, 4:06 PMNCR (NCR): Q3 EPS of $0.64 beats by $0.05. Revenue of $1.44B (+6% Y/Y) misses by $50M. (PR)
Comment![Earnings, Tech]