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NCR Voyix Cuts FY24 Guidance, Total Revenue $2.805B–$2.860B (Prior $3.60B-$3.70B), Est $3.63B

Author: Benzinga Newsdesk | August 06, 2024 06:14am

Financial Outlook

The Company is updating its full year 2024 guidance to reflect the strategic announcements described above, including the classification of our Digital Banking business as a discontinued operation beginning in the third quarter of fiscal 2024 as a result of the planned divestiture, which results in the removal of Digital Banking results from our outlook and results of operations for the full year and all prior periods, as follows:

 

 

 

Full Year

Software Revenue

$1,000M – $1,020M

Services Revenue

$1,040M – $1,060M

Hardware Revenue

$765M – $780M

Total Revenue

$2,805M – $2,860M

Adj. EBITDA (cont. ops.)

$355M – $375M

Adj. EBITDA (%)

12.6% – 13.1%

Posted In: VYX

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