NCR Voyix: Weak Revenue Trend Continues

  • NCR Voyix Corporation's Q1 beat weak Wall Street expectations, but recurring revenue trends remain concerning regardless. The sharp decline in hardware sales isn't as concerning, as NCR Voyix's outsourcing deal with Ennoconn is nearing implementation. EBITDA has benefited from restructuring, but won't provide a platform for longer-term earnings growth as revenues continue to decline.