NCR Voyix Corporation reported its financial results for the fourth quarter and full year ended December 31, 2024. For Q4 2024, the company delivered revenue and adjusted EBITDA in line with its expectations. Full year 2024 total revenue reached $2.79 billion, also in line with expectations, while full year Adjusted EBITDA was $386 million, exceeding the midpoint of the company's guidance.
CEO James G. Kelly expressed satisfaction with the continued execution on transformation initiatives in 2024, including the sale of Digital Banking and significant improvements to the cost structure and balance sheet. These efforts position the company to meet evolving customer needs, expand market share, and achieve its growth plans. The company's strategic pivot towards a software and services-led model is progressing.
For the full-year 2025, NCR Voyix provided an outlook of total revenue between $2.575 billion and $2.650 billion, with software and services revenue projected at $1.995 billion to $2.020 billion. Adjusted EBITDA is expected to be between $420 million and $445 million, representing a margin of 16.3% to 16.8%. Non-GAAP diluted EPS is forecast between $0.75 and $0.80, and Adjusted Free Cash Flow - Unrestricted is anticipated to be $170 million to $190 million, with a conversion rate of 40% to 43% of Adjusted EBITDA.
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