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NCR April 27 , 2021 NEWS RELEASE NCR Announces First Quarter 2021 Results Significant Profit Margin Expansion and Recurring Revenue up 9 % ATLANTA - NCR Corporation ( NYSE : NCR ) reported financial results today for the three months ended March 31 , 2021. First quarter and other recent highlights include : • • • Revenue of $ 1,544 million , up 3 % ; Recurring revenue up 9 % Significant profit margin expansion driven by cost reductions and favorable mix of revenue Cash flow from operations of $ 155 million ; Free cash flow of $ 98 million , up $ 118 million • GAAP diluted EPS of $ 0.19 ; Non - GAAP diluted EPS of $ 0.51 , up 65 % “ Our first quarter results represent a great start to the year with increased momentum in our shift to NCR - as - a- Service , " said Michael Hayford , President and Chief Executive Officer . “ Our performance included strong recurring revenue growth , margin expansion and cash flow generation . We are benefiting from the successful execution of our strategy and are a stronger company than we were a year ago . We are confident our strategy will drive accelerated profitable growth and deliver long - term value creation for stockholders . Our financial position is strong , and our proposed transaction with Cardtronics remains on track for a mid - year 2021 close , subject to regulatory and Cardtroncs ' shareholder approval . " In this release , we use certain non - GAAP measures . These non - GAAP measures include " free cash flow , " " adjusted EBITDA , " and others with the words " non - GAAP " in their titles . These non - GAAP measures are listed , described and reconciled to their most directly comparable GAAP measures under the heading " Non - GAAP Financial Measures " later in this release .