of Mike. exchange. focus foreign my currency I'll growth, the you, for which on impact Thank constant comments adjusts
for our the shows XXXX. fourth X results consolidated and full Slide year quarter financial
As we in FX second revenue the the on quarter non-GAAP by impact though of X%. the FX lowered $X.XX has half non-GAAP both fourth see EPS quarter of fourth left, significantly in the negative the increased EPS approximately the in moderated year. and
growth year segment excluding the On up full revenue. banking the was side ATMs, ATM a right-hand by Even total in for our company strong XX%, benefited a X%. revenue led XXXX, XX% and from revenue solid a increased
software driven was chain our XX%, improved of in Full services increase issues $X.XX, led banking by by combined with in and business revenue reversing capacity and year higher EPS the XXXX. also our hardware profitability an experienced segment non-GAAP and we supply
this recorded loss goal the hardware by hardware reducing only in Recall, more year small we exceeded of business. business operating that than half. a I'm goal had we our that a loss in report and pleased stated to our
a were previewed earnings our we that pleased Overall, on full third year we we quarter our number with as call. of financial particularly headwinds absorbed performance,
revenue. in by hospitality; three $X.XX negative in dilutive such to second, of on the discussed retiring impact repurchase in third, the and we expense from recurring from debt impact Recall, M&A; year timing the refinancing first, previously to units, and our to our preferred interest headwinds the investment convertible as $X.XX slightly buckets: the of our higher Blackstone, held QX, of unplanned shift FX, primarily XXXX increased share items, the transactional EPS related business
were We a to year. also these company have the compensation additional bucket, which approximately for the was pleased absorbed targets resulting of we Again, having fourth our our from $X.XX despite achieved commitments expense exceeded headwinds.
for results year. the full X In banking banking X%, revenue fourth Slide our our expectations. increased quarter fourth segment quarter, the shows and exceeding
recall from moderated sales a strong comp related we ATM shipments growth in fourth of in we tough XXXX. QX to previous in While double-digit recorded the had growth quarter quarters and
growth For by increased the ATM sales. banking led XX% revenue XX% hardware in full year, a
increased banking banking a demonstrating partial hardware, signed revenue we of strong demand software services to in and an our Excluding for increasing basis. ATM recurring recurring deals software solutions as software a despite this on X%, quarter still banking of number and shift revenues
On as we multi-vendor large wins grow of this related hardware backlog stream fleets. service the to both year to our from continued banking, from the future annuity customer ATM well as services side to maintenance sales
fourth year, the XX% as as ATMs increased revenue. respectively. by driven income software well higher was and growth and operating for volume services The our and XX%, For quarter favorable mix full higher a and
We segments. also benefited impacted from operations our hardware manufacturing significantly in improved positively mentioned profitability which previously, all
Retail Moving payments our were acquisition segment revenue increased XX which retail services for quarter from double-digit the results. XX% revenue The increases and increases as JetPay the full well in and to revenues. self-checkout growth in as year. driven X% fourth on by now in our slide shows
well customers of by terms services acceleration hardware growth self-checkout new as higher growth Services activity maintenance in broad-based was generated The geographies. contracts. as solid driven in managed and
In income services and addition, XX% fourth year software by remains in higher improved quarter and and our driven full JetPay XX% profitability. for increased hardware primarily the revenue Operating track. integration on the
year in the cloud Slide XX an in payments and increases and shows the X% point-of-sale revenue, results. X% Hospitality fourth JetPay revenue revenue. by quarter our segment increased acquisition driven for our revenue Hospitality increase full in from
improved support in customer as XX% in prior profitability. hardware The a as partially decline tough well was installations the year. from offset fourth the several income driven payments full in and XX% investment Operating by was large the and quarter comp services by down year for continued
expense rollout side, to continue the to we enhance improve technology support our our the customer new On of programs in satisfaction invest to and to products.
offering. gain subscription to Essentials bundled our continue Aloha our with we packages traction Additionally, via
subscription we financial a the for banking the us programs. to significantly focus Although the in investment accelerate was shift less during the and impact our as from move these strategic minimal year the than is segment,
year we the revenue growth to I'm solid growth year our under where XX for recorded recorded segments we previous for report previous provide each slide operating segments. across that to in higher pleased we all operating of full than our XXXX. revenue our and Now full results
driven driven greater well X% retail primarily service as offerings. revenue hospitality are across and by X% growth increased higher hardware backlog revenue revenue sales from that Services increased in and managed Software increases our segments. services driving diversified banking as
revenue XX% And increased and our finally, across grew all segments. hardware
well As previously, revenues as while DX. of devices NCR banking X% helped increased grew driven XX% as growth X% hardware the both year. maintenance for Recurring higher ATM revenue point-of-sale increased third-party the self-checkout acquisition and by our revenue digital by of mentioned by I combination in for by and
debt metrics. Free XX from in at $XXX up free the cash slide EBITDA see the $XXX year full you for year. adjusted ended million flow flow, On can prior net cash and million
versus the revenue. increased prior cash as driven planned higher ended improved well than higher year by receivables year, we primarily we from capital inventory While with working higher flow the as
our across multi-vendor more service. position customer do. still in contracts and to supply won Overall, year-over-year, improve invested but we chain we more to Additionally, service our improved have parts spare inventory
across shows the in Slide XX generation year and year our an primarily from spend, business last spend $XXX CapEx next full of in software also our increase of million increase an segments. reflecting
on times, from the the end EBITDA slightly ended at of end Finally, page, net to XXXX. the X.X at a debt bottom adjusted the at down of X.X the from measure year quarter. times, But leverage, up of times, of the X.X recorded the the third
of we productivity centered the generate slide on, three flow provide Zynstra. our free by which in XXXX, the XX, our offset this partially bulk areas. the around was of fourth completed year, we update acquisition was the Recall, quarter of during year an which initiatives cash On
to times operating cycle order, First, our reduced our improving made hardware transformation, progress we from inquiry, in and business. the to great on loss remittance, manufacturing sharply
mentioned results and operating manufacturing was our for to operations exceeded in full the expectations, our previously, breakeven As year. I close
to $XXX offset program, spend estate our optimization completed largely and higher million intended which recall we employee-related Next, real costs. was
SG&A, approximately were at X/X OpEx-to-revenue of year were sold. realized our XX.X% revenue. the Roughly savings realized to the in cost of savings allowed the full of for cost This in despite us higher goods while maintain X/X ratio
service margin X% services, moment. We continue year. have previously by the in to we on business identified And should expansion which a And additional focus in I'll this XXXX that in grew revenue savings invest to to areas mentioned, in beyond, quality. cost lead of as finally discuss further and
And While we customers. a win services margin to in did not And wallet percent continue deals. position in grow from market service share share. XXXX, multi-vendor of garner to larger are our a stronger our we take
customers pivot XX, slide Moving are deliver in recurring to efficiency. all functions now to our effectively offerings while drive drive improved efforts revenue, to seamless bundled we manner, across business to targeting also underway as-a-Service to processes NCR and a as
others as will efficiencies in we as our our involve we These both key efforts further areas, focus investments in as efforts. business shift well as model,
in of result discuss which will actions guidance, XXXX realized these in by at our expect least in included is which year-end we $XX with savings run million Overall, moment. annualized in XXXX savings rate XXXX, million $XX a of I'll
XX, you pleased XXXX, to revenue our which growth. to is for XXXX despite shift in I'm guidance find our accelerating earnings recurring slide guidance On XXXX. similar full initial will that and year the will revenue both, dampen our guidance, report, XXXX
We total from of flat be approximately as to revenue is the FX, X.X% revenue X%. an well expect revenue also to up headwind net to recurring as planned increases in This revenue. X% headwind from a
saw now which margin you are we we've being as a and over and higher high EBITDA than overall been is even this much time. to dampening developed XXXX, our And on NCR of on beginning the have internally recognized margins. in impact of As initially revenue contracting revenue, second which software, half enjoy recurring, revenue, effect as the cash. operating margin to is is The
Included in decline revenue in XXXX. is an expected guidance, revenue ATM in our
We roughly following strong ATM XXXX to expect XX% a a hardware revenue decline X% in in in of XXXX. XX%, growth,
impacted years. However, revenue looking over adjusting that previous and consistent been that our we viewed is frame year, we several several-year which in generally a with adversely over environment, ATM last overall have comments, when believe a flat manufacturing our ATM for in the since XXXX, changes when XXXX, this time
our expect billion EBITDA $X.XX $X.X We adjusted to be billion. to XXXX
to the Our $X.XX non-GAAP EPS year. be to expected is $X.XX for
a of million to XX% have assumed a share tax XXX We of XX%. count And approximately shares. rate
first particular, in continued in recurring linearity a to with our business, we and the our given linearity for revenue and greater environment, shift regarding earnings, our for earnings shift in XXXX last impact flow of ATM normalized few quarter the cash EPS and Now on compared expect years. the Hospitality a investment
to generate the four-year year expect to EPS roughly average XX%. we our of in XX% XX% XX% quarter our Specifically, versus to first full of
million free for to cash in flow year $XXX expect range. the $XXX We the be million to
and free cash costs linearity flows the have most associated similar our our achieved we targets with from quarter. XXXX, with to CapEx. we expense strategy Overall, free higher several having cash to of cash of in the In be activation, fourth previous higher to years, headwinds flow, flow expect our XXXX including cash compensation our generated
Regarding priorities of to will we five on $XXX capital $XXX allocation in next which drive in the we our highest internal return we believe CapEx continue in to strategic investment million million. investment XXXX, Overall, prioritize expect for range the to three growth platforms, the years.
with and range. On to our increase our $XXX services And to in $XXX the financial M&A expect intend million prioritize And side, our add maintain and target profile global Overall, limit remains finally, of share leverage we we'll revenue. that the to approximately we portfolio, expand million to liquidity. dilution. a software distribution ample $XXX million strong manageable companies repurchases our
for non-GAAP and earnings XX drivers XXXX. Slide EPS from EBITDA our a and non-GAAP high-level adjusted shows depiction XXXX and EBITDA bridges to adjusted intended EPS to provide is of XXXX
in said for we revenue perpetual to from subscription and will ongoing which upfront previously, our selling XXXX recording recording we time. and software we've As which are via licenses margin margin come and revenue the shift from were licenses primary over term headwind
$XXX second saw million XXXX. to non-GAAP is of margin million is adjusted revenue $X.XX. to is negatively our you impact by in a expected to and As accelerate by million, XXXX, dampening EPS by approximately expected effect having shift million, in revenue $X.XX $XX the half to and $XXX this to This EBITDA on $XX and
share and business headwinds from as revenue growth, partially largely as primarily on non-GAAP well rate well to count. software a Slide XXXX and offset lower offset will higher experience a by increased $X.XX by XX. be I headwind These a as as services will cost EPS by of driven increased the depreciation addition, amortization In $X.XX tax savings discussed
in sales operating total, a In Mike targets and of continue should to margin our moment. expenses improve grow percentage profit to as to will our enable continue us discuss our a margins.
to over it turn for I'll comments. that, closing with So Mike
