An upswing in customer deferrals is impacting NCR’s data warehousing business. NCR is announcing that revenue and earnings for its second quarter ended June 30, 2001 will be below the company's previous guidance, primarily due to customer deferrals in the data warehousing business.
NCR expects reported revenue for the second quarter of 2001 to be approximately $1.5 billion, an increase of 3 percent over the company's 2000 second quarter revenue, up about 7 percent on a local currency basis. Earnings for the second quarter are expected to be $0.35 to $0.37 per share on a fully diluted basis, with the shortfall primarily due to the impact of the economy on the data warehousing business. Data warehousing business is anticipated to generate approximately 2 percent revenue growth.
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