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only a So, to minor financial Slide presents a overview this five-quarter quarter a metrics. as we third view currency which top quarter rolling Starting then you level added X, on performance, can of impact. our these had see,
they versus XXXX in and down typically consolidated next least While quarters. third the the overwhelm illustrative the focus revenue on at seasonality caused sequential activity comparisons, was top quarter. by disruption pandemic typical $X.XX comparisons of for the or XX% $XXX left, to couple Starting the economic million year-over-year billion, significant may make
year-over-year economic second quarter the X% revenue in improve the second pause, negatively from results. quarter expected, fact, was decline As did the impacted by was and up revenue broader our but versus
unit, into XX%. dig that but of aggregate, or was will the XX% of by in hardware decline drivers specific is We business $XXX decline which attributable down to million the more revenue, lower
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drive improvement entire significant, As while Mike for by were salary initiatives now significant the to we mentioned, were pandemic. take were reductions the of but across they’re the actions QX, temporary And planned in more delayed spending productivity and like discretionary begun constraints that a and immediate spring, nature. organization have
sales. an cash size margin benefits of shift. raw tax strong shift million $XXX use and Similar Our prior finally, on the and increase within million XX% million XX%, cash of year to This tax of $X.XX $XX working due descriptor sequentially describes particularly ongoing million compares shift and in revenue discrete capital flow $X.XX, more to EBITDA to million and revenue and out on driven efforts a declined linearity, receivables, assure $XX The an in and last QX. year. or $X.XX we $X we double QX maybe, for of left, X, year This versus million down the was $XX non-GAAP posted to magnitude, the of in improvements results. the through quarter of the of bottom cycle was the Banking cash the relative the focus levels most lower are of by is which three delivered $XX to even finished recurring of decreased our goods in quarter. year-ago $XXX a important income QX And rate revenue XX% discussion segment due quarter, first exceptionally timing in versus third pandemic revenue. our annual Moving the QX. free In hardware flow year-ago relative ATM which Banking on million inventory. and Year-to-date, of of of slide quarters respective EBITDA the EPS sustainable from increased generation expansion will primarily decline results. an productivity cash did free the million is to importantly, our revenue, permanent accompanying and larger at pasty adjusted $XXX on mainly
soft of consistent quarter we quarter banking On quarters. comparing sales expansion couple forgone our continued last sales extraordinary Most year’s range into seem can and Our revenue new attributed revenue the ATM of very persist associated anticipate remain the to decline the the $XXX and with of were model. XX%. due of million those $XXX to for quarter, a in this we up machines Remember million recurring least bank’s to revenue will installation absolute basis, be relatively constraints. service hardware hardware in pandemic to per ATM spending also sales remaining settled a where next an range that a third have to are the at of
X% decline points the new businesses earlier in and the place remaining operating Operating X%.On XX% year-over-year. driven and and directly spending by modest XX.X%. the to Operating by up These dropped revenues, XXX and $XX by a or million partially shown unabsorbed decreased points. would basis lower were basis, growth income revenue offset rate ATM was have other in were related by our in declines expanded the banking margin Excluding and hardware lower put basis down margin that discretionary revenue resulting year. XX costs, sequential caution was expenses operating
which results. busy units X, Last shows for discussed our X%. segment as $XX slide were orders. the of the installing their increased of installation several these or project. to operating these during revenue Retail canceled. delayed not million too the third retail Moving orders of customers many customers, those quarter, self-checkout anticipated, we were quarter, undertake In largest to delay our we stores at as and pandemic some an delivered
expenses earlier up income self-checkout points. XX%. a experienced as revenue, this revenue spending higher increase by XX% by was The in down was discretionary operating margin revenue basis growth. and operating by concert revenue, taken well a operating result, basis, or driven up sequential year. million strong $X expanded X%. was as On cost and with As were initiatives double-digit XXX
segment Turning XX%, Hospitality our driven by slide shows hospitality slide lower X. or results. decreased to million revenue hardware $XX sales. primarily X
impacted limitations As coronavirus been behaviors. the expected, capacity and our changes segment Hospitality has with our to most customers’ by the
basis while impact savings. revenue revenue higher and initiatives, basis, up income points. operating some on XX% On Third margin mainly flow-through by quarter prudently reduce expanded X% to sequential of to with $X declined operating we were the our accounts those a cost reserves due operating expenses XXX able by million, from was offset lower receivable
our segments third under quarter continuity both for Turning XX, we to revenue color. slide operating our previous provide results and
to decreased $XX the services or revenue new the maintenance, shift revenue managed million driven Services by hardware due recurring time for in and revenue Software an from to hospitality or recurring challenging business. one increased $XX conditions including increase revenue, X%, sales attached million X% declined And pandemic hardware revenues. services, our mentioned to lower and offset partially or revenues, most finally, in installation connected services combination digital million lower all XX%. point-of-sale previously, impacted while X%. revenue was and self-checkout I declining quarter revenue $XXX XX% as of by ATM by the declined hardware the
shift XX% XXXX, a as services lower XX% and or revenue single in commitments to driven Software to company relatively revenue service $XX sales. from generation. qX by increased hardware sales by to uncertain part of away and million characterized to revenues in our due total admittedly X%, recurring programmatic licensing a with large effort sales predictable perpetual high percentage revenues events, of multi-year from increased of certainty
XX%, and company a XX, net more to software to This that termination quarter’s improvement our flow, sales. our EBITDA revenue, licenses cash also recurring as shifting professional revenue, from standard benefiting percentage from appropriate hardware the free came total On provide to lower shifting services, term of services we in more cloud. debt, services slide providing from include and clauses contracts ready metrics. increased XX% licenses adjusted present
cash pleased $XXX from the a the a free cash flow of million prior from we As $XX in of Year-to-date in were year. quarter, side. the million for $XXX I improvement mentioned million free which the in the year. with was our use was performance up prior flow million, significant earlier, cash very $XX
to year. metric X.X with and and with generation working are shows linearity drive quarter, also net debt prior is efforts of capital cash our well. working debt-to-adjusted the flow consistent Our a This net in leverage annual our last EBITDA with slide improve ratio times, which more
reduce having ensure know, measure uncertain in balance you beginning our financial our cumulative drew term liquidity end we over our of a ended $XXX transactions well times $X.X with debt and quarter well million. was As of impact with under Since We slide third third the very the leverage We couple which revolver. cash, delever, we’ve our debt cash description of of In provides I’ll sheet slide. debt sufficient executed sheet the those bond a a of of our as slide redeployments those three actions X.XX effect excess times. different, flexibility with a remain but and note other transactions. to debt April, maturities. the no solid a X.X on within leverage next maximum that of And significant issued precautionary million covenant and already March, The derisk update time, last of XX, to all $XXX we near-term and related the balance by the down facility on ended billion credit my of covenants, reduced quarter $XXX of to million at which is times. describes the approximately
become we As at we environment to less become demand. of certain about more effectively discussed uncertain and pandemic last levels economic our operate quarter, impacted as about ability the these
to we spring. some begun the back of leverage that have precautionary We in the added reduce
We years and and X% an and and transactions in these by weighted market $XXX use maturities, $XXX EPS of $XXX million XXXX First, redeem near-term lower and will a be we average approaching of both X.XX% with at $XXX million August, credit are X% stack to million $XX we $XXX new advantage eight favorable These maturities refinancing our expected cash to a annual These augmented million offerings XXXX, approximately expense respectively. addressed and our as interest eliminated in at of new debt extended of to million, for and closed lowered notes result in accretive debt interest In offerings environment. XXXX expense. existing XX and bond debt X.XX% our two took maturity million notes. risk prior result, in senior senior XXXX. proceeds
by will XX% our outstanding of purchased than stock. and fourth the beginning net it’s the third, the of the XXX,XXX Series Preferred dividend $X.X capital and through in year-to-date convertible net reduce of the our lower million on it million Mike Convertible represented back in In by third savings shares to of preferred And a performance fourth we in and reduce million the million an share million. total, flow count to early due we NCR’s share expected $X quarter, Stock, This burden $X more I’ll beginning the paid revolver. and accretive diluted a based be reduction annual outstanding quarter, confidence $XXX about interest an retired A our for at transaction dividends. further Second, for This free of expense since the which cash strong business, our turn and our down interest will have on outlook basis. transactions annual million we the quarter, And his for with to redeployed annual closing $XXX that, $XX comments. of
