VYX - Earnings call 4 2023 | NCR Voyix Corporation

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Operator

Greetings. Welcome to the NCR Voyix Q4 and Full Year 2023 Earnings Call. [Operator Instructions]

I'll now turn the conference over to your host, Alan Katz of Investor Relations.

You may begin.

Alan Katz

you conference our call. thank fiscal quarter and earnings XXXX afternoon, for fourth joining and Good December This reporting the ended preliminary we financials XXXX. afternoon, issued for quarter our and earnings release XX, year earnings A this SEC. has of been www.ncrvoyix.com during available our release copy which are of and presentation be will call Relations that Investor the the and can filed the on website, with reference we section at the found

our our our Joining This me the today call being and and call CFO. on Webb-Walsh, recorded are David is CEO; Investor Brian Wilkinson, Relations website. the webcast on section of

Before differ we are contain subject advised from implied or materially cause other forward-looking remarks statements forward-looking and risks today could uncertainties and those expressed begin, will please such be to factors, by forward-looking to statements. statements. results These which that actual

information release earnings We undue For statements. to factors, the and you other these reliance not additional refer SEC. filed to place with these caution please our on on reports

this call of no them. statements and the obligation to Forward-looking undertake call, this speak we during of update date as only

certain will of ongoing providing believe discussing or are measures our financial addition, we which In more today, be reflective non-GAAP performance. we

the website. financial of in see full supplemental section available the of a this and call GAAP filed release Relations afternoon [indiscernible] discussed press on Investor our accordance our our materials comparable non-GAAP For this in to with reconciliation SEC please the most measure measures regulations, Form X-K

I to the discontinued As financials to traded within call an independent October publicly David. in XX, the line P&L. on business, With like a the as operations reminder, off will turn spun which you see the over the was Atleos of would company that, NCR XXXX,

David Wilkinson

our proud XXXX laser-focused the us, everyone, the what streams. revenue quarter from Thank of of software spin-off with driving saying to earnings our ATM I'm that our on year behind we business fourth you, I'll are accomplished and team XXXX begin service Alan. in by call. growth full and Welcome, now

enable software and point-of-sale platform institutions with seamlessly include products to and retailers restaurants, solutions, banking user engage digital which financial physical customers. end and Our our their technology and transact

performance, for Voyix's commenting our on remind retail of banking. of moment Before These X to position reach services NCR market-leading coupled everyone and the segments. I'd spend restaurant, customer our a digital each across of Slide our our global with like to on base, and products X reflect

our company. During our I call discuss innovation sales distribution in our today, platform and to networks, to support initiatives the strategy for growth will invest technology conversions that and drive

key end-to-end customers Placing to our customer well-established enabled and Slide We've services solutions profitable platform go-to-market strategic growth. the at place we drive and expertise company, Turning our adoption center, and a the long-term deep initiatives digital support we're industry to leverage in outlined and customer engine global to platform X. our Today, to providing sales growth. software cloud-based base. new

our through to will we innovation on with customers commerce in segments, payment portfolio and growth. existing across and We solutions products offerings. expand banking drive integrated continue and our invest platforms and our expanding to mid-market continue best-in-class digital And enterprise, merchant focus deliver to to all via SMB relationship our

Turning now XXXX our to performance.

and increase calls usage up last and to revenue of XXXX. financials our X% the revenue. added approximately Included his than on with from our year, Platform billion Brian of platform XX,XXX than with customers exceeding grew remarks. full growing normalized our XX% revenue expectations 'XX, today volume of sites continue in provide total discussed line EBITDA Day more services Investor in and the adjusted we and year, company on represents the In Software more September. business. to API XXX For and more XX% signed new we book to that results delivered at a performance will basis details in in $XXX traffic

During online, operate and customers thousands XX orders million December million mobile with XX transactions nearly their their and restaurants businesses. platform end-user our retailers of and managed to enabling loyalty alone, XX meaningful transact

my of path I I'd customer-centric like to growth market the begin performance, global share. Benny discussion perspective technical expand segment. we the our welcome on restaurant team as look as technology driving our to instrumental our be [indiscernible] background, orientation, and segment Before will approach to His and President go-to-market in forward

year strong segment new customers. to we restaurant Now signed as on over let's XXXX was Slide the turn X. restaurant for segment a XXX our

mid-market and Our payment customers. portfolio X% platform sites increased sites our led of by respectively, XX%, and

enterprise, our X restaurant you than remind to than more on keenly SMB, sites operations. complex call operators fewer as into with and XX locations. XX SMB organizations locations mid-market, increasingly to multisite Let find Voyix, NCR segment divided define is is which division focused of is that which our At me the we what XX businesses with and we

bowl these growth as target grow on mid-market greatest provide that our competitive key strategy us. a for had enterprise with to is businesses. franchise from multiyear highlight. expansions address a to as ultimately wins signing customers Historically, a benefited for a customer a I'd that Focusing takeaway. profile can Bowls, rapidly the This mid-market fits is several the they contract a and opportunity In better our One XXXX we business of component we've like businesses mid-market growing growth. Nautical of into the the of key and was beyond, Assai quarter,

modules our rolled growth efficiency. and to software more in via delivered customer than improve that our Here, into continued locations platform platform and have of XX via revenue leveraging This commerce drive QX point-of-sale their QX. rollout to we out is multiple

kitchen now multiphase their long-standing Robin solution a comprehensive rollout their restaurant is with of Enterprise solution across restaurants. our of we're run implementing a process relationships This Red sites. our chain to expanded the a of relationship, we within the add long-standing and division, Within our in

gain across Our has base. platform solution traction continued customer target to our

more last years. over we And segment. us resulted than to mid-market continue interest capabilities and in will has our to capture in doubling this share number see investing in portfolio sites in Our payment payments the X attached the strong we're of strategy our for

on Slide move Retail X. our on to segment Let's

customers converting We us and continue We sites greater the new access new with enterprise year. progress make increasing focused industry. both stores. the seamlessly our deals mid-market of enable point-of-sale the with extend legacy the in converting customers which new us the #X than to logos, solutions nearly to them platform including platform, base customers which with the the and XXX provide software named and significant products. to their on to longevity will on-prem XX% signed more within This the We would deliver remain platform to for provider were best-in-class year to flexibility to functionality run SaaS offer of commerce provide robust relationships will in

customers' to driving the on to customers' across of to to tech fuel our quickly conversion for promotions extension than loyalty a customer retailer card capabilities enhanced and example convenience to our payments our United usage. a upselling platform. additional X,XXX chain were in An functionality for able previously allows The end of the mobile Further, converted file solutions we platform We more an enables large additional sites their solution and commerce we to platform, our to offer and mobile recent deploy integrated this integration app third-party this following implemented increased States. the consumers wallet mobile retailer the within applications.

retailers new a relationship on e-com us roll with market-leading we're to new win X the like In This largest brands, their stores in business with of world's grocery few existing other the long-standing out have the with new stores also to the addition in a focused we relationship to I'd brand live over given chose of of new conversions, portfolio they launched U.K., winning coupled the one as brick-and-mortar an past go customers. U.S. our secured as self-checkout highlight customer quarter new self-checkout. enterprise years. and our they position in with in

also We look competitive more customer sites. takeaway, This footprint we business, customer our international in their and across serving Australia. XXX this was base than new and to large forward a a a convenience of signed fuel customer in

are industry, mid-market retail leader the enterprise clear the the in we Within spaces. and

here commerce also to as signing focus be customers and customers we mid-market our our enterprise to Our on continues platform. new convert

in we and have committed healthy the conversion, moving the will we of to on platform able that for Upon additional modules to upselling services. a demonstrated be see customers We over and success drive backlog through to and have strategy cross-selling value the their customers next other executing XX months. these value-added

can has overview building our customers. operating deliver retail solutions. enabled brief Turning synergies to NCR and which supports benefit a included and that functionalities cloud-based invested the when us commerce both restaurant platform by to this of a robust customers Voyix slide We giving capabilities of common to in Slide leading platform, solutions illustrate delivering X. all our

to will becoming are legacy applications, customer. move to away from us and increasingly for inefficient shift also functionality the Our cost platform the have maintaining on-prem limited enable which

Before I of with digital experience for welcome served institutions, and both has our technology Brendan banking X, a objectives. of Slide leader Tansill more I'd begin like in XX than on the of discussion segment. extensive to banking digital Brendan align my Digital as which financial performance as financial the Banking has working President our years successful industry with

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represents XX XX new full which of the renewed we For XXXX, approximately signed year in base. XX% customers our and relationships,

to X% million, more users and of grew more the grew than active than registered $XX Our X% million. $XX users number to

of growth by partners deepening our value-added services see pipeline a relationships, are together value selling progress new solutions. and the the our for accelerating making demonstrate creating deals, which solid our segment existing We our in

we banking. platform in deepen This, They a new customers Wisconsin. Nikolay our takeaway gather from solution was Bank with the competitive a To space deposits. legacy and signed new new of relationships, highlight, to a given capabilities large retail within again, player our attract out agreement selected

top strong upsell retain as recent their is business multiple and also experience National Old XX platform solutions. part that attract renewed our of cross-sell their existing banking profitable and customers go-to-market to We U.S. relationships. example best a momentum in small added One continue new its business the Bank, the across to contract bank initiatives and

we our our banking variety from restaurants leading Slide a account competitive had our distinct third-party XX separate franchise platform, across and to customers. included of their banking opening Lastly, of platform provide We partners to a and across will and retail end access a commerce Cadence leading-edge implement enable a platform our technology. which the digital banking overview serving Bank, signing South digital capabilities cloud-based brief takeaway Southwest solutions and for who The is proprietary users. the our wide

signed we end-to-end marketplace the and as years in XXXX. to made reflected our the solutions XX have win our new customer that the in have relationships digital to offer X over platform in significant in footprint We last allowed us leading investments

offer consumer As illustrated we and banking banking. digital business on the for slide, both platform cloud-based enabled

add-ons addition, provide In our account These while experience solutions consumer we and be open along banks and offered solutions fully for physical a credit offer architecture our to leveraging or with opening toolkit and that to with integrated enable channels. API integrations. third-party bundled either the unions and provide and digital stand-alone, cloud-based can across servicing transactions sales flexibility

existing customized provide experience more for including our partners. of partner network XXX a than customers, These our access to

Before Brian, excited to over ahead the Voyix. I'd how I turn about the am lie call I to of opportunities NCR reiterate that like

NCR like provided of huge undertaking would hard the was, entire the question, that to team and benefit thank required spin independently NCR a for -- attention. the both team's without work. Atleos,, the While once again I their the it Voyix company operating

we that continue our drive the of growth and I businesses this on behind milestone our now in are across acutely plain we customers' today. to ability team's I've initiatives efficiencies all us, confident invest support to outlined to as focused With am needs.

will Brian, and take turn our financial it for who XXXX. the I to over you through will outlook Now results

Brian Webb-Walsh

note good normalized the of spin will exclude and of the we has that growth divestiture-related of spin-off reported afternoon, items. you, certain are to discontinued to results due Atleos level NCR David, created Thank rates providing our everyone. and some XXXX noise in impact Therefore, I operations.

these on as flat and million, Slide normalized quarter normalized was of Please $XXX XX. turn my to total basis. revenue Some X% on results. focus will commentary Fourth a up reported

on X% with year $X.XX This Investor and normalized is range X% revenue consistent Full billion, gave X% basis. Day. at up was up as reported the we a

We to refresh total from highlighted, will cycles services metric, payments hardware a period report the our period software, metric includes in is on and new important to providing and believe software and and indication removes fluctuate better and of progress strength David we depending and business. revenue of It which point-of-sale addition our services which, self-checkout solution, hardware. revenue, although complete customers large to with excludes this revenue, As a now a rollouts.

Software majority X% the software cash and the company's X% quarter and and revenue of the year. generates and for also services EBITDA the fourth vast increased flow for revenue services full

For demand down in our million, normalized, EBITDA this to supply XX% Full the and of full each higher and down revenue QX driven of a $XXX the synergies and contributed was to growth. by XX% chain result reported dynamics. labor segments down was COVID billion largely $X.XX year XXXX year as year, hardware prior due adjusted X%, as benefits.

normalized. EBITDA $XXX year as Full reported X% adjusted X% was up and million, up

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guidance from This the $XX revenue expect Atleos, a midpoint to which $XX the our of for billion hardware we and includes is only million. lower billion of with lower agreements on assumption million year. now Additionally, the XXXX our basis. X.X% at commercial Day total down revenue than between for $X.X be normalized Investor revenue $X.X year, reflects that, With

of and X%. reflecting $XXX to to revenue customer and to million due revenue We growth range billion, $XXX to a decline and X% of is refreshes rate million billion Hardware between $X.X the services normalized to $X.XX projects. expect from be software major timing and expected

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midpoint points at our the item, X be year-over-year the range. this Excluding higher growth would of

Margin be is above XX.X% and expected shared we at Investor to outlook and the XX.X%, between Day. year-over-year up

areas: program $XXX is executed. deliver end of corporate, been run efficiency services. dissynergies hardware actions cumulative Our expected focused XXXX. year the rate is $XX X This an the annualized to of adjusted million EBITDA million of than on guidance have by offset and underpinned Many savings of in and more program by these already

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XXXX. in ongoing, this year-end believe million, still was $XX impact recorded through was fraud of is of investigation the which the While all we

million we million of transactions to debit ACH in functionality incurred we recoveries To account. to a the disbursements this expect that before disabled matter. The expense XXXX reported QX non-GAAP this related issue adjustment fraudulent for additional ACH and release. net record EBITDA in to pursuing an are recovery and QX Further, direct our discovered the press up $X for extent $XX was of of adjusted to as this coverage we possible, in insurance

call extension in our the We material operator XX-K and over that with along also over the The about controls will a now file are period. to the extension during our I for include XX-K we will session. financial identified the XX-day reporting weaknesses question-and-answer filing expect X investigation, details to our plans. begin to of Operator? turn before the remediation internal end

Operator

Instructions]. [Operator

of Tandon with Needham Please with Our question, Company. from first line the Mayank comes & question proceed your

Mayank Tandon

Brian, your with on and to talk Dave you for gauge about wanted your the the start I how a what in that XXXX to trended Could like in momentum segments various and growth business. it might trend key ARR. get just better expectations XXXX, in metric across the

Daniel Perlin

Yes, saw at described, is restaurants we high saw year, we mid- And growing Mark, David. of the across and X%. X% across important for metric forward at mid- really as this at and ARR, company look We health ARR with to retail the we overall that reviewing you banking total. this single see segments. digital X%, digits an of rate all growth XX% into in that's 'XX, X in the strategy. was When grow is the high at that single-digit us was to

testament So the payments. and that's our with -- acquisition strategy of both to a . customers really platform the

Mayank Tandon

if competition. And Got about could helpful. just I ask it. Very

your early on your the obviously with since a win you could in of of the change months a out how change market rates the dynamics X that been only terms it's Any the across in So you're seen have competing call segments? But in spin. some in incumbents. few you

Daniel Perlin

to spin would I out the itself. call due any

ability customers, very customers our the that seen say, only us, like ability on then we've feel around the platform in to serve. we sort mid-market end-to-end. that service I'll focus move our on of but and and our are it shape the get to focused enterprise as I segments we those is really what core think -- into not fighting our existing for tech And areas, differentiators we we're,

So complexity, even as further. differentiate our clients have we increasing

. in the as feel much growth enterprise to we how continue dynamic our But us has mid-market you'll space. as connecting new we're and know platform on that So the see in changed I cross-sell customers for mid-market the for to sites focused existing upsell. the more grow looking don't from

Operator

Our the comes Stanley. next question Woodring with of Erik from line Morgan

Sabrina Hao

[indiscernible] growing, This going it, business to think, is XXXX, talked but X% normalized. that for revenue Sabrina X% In I you as now had about guidance is the previously on Erik call in implies fall, X% Woodring. to

change terms what on trends of of are right in what by in propensity more larger customers from macro hearing spend like So the now you're to broadly, are outlook? . And the drivers CapEx purchases segment? this

Unknown Executive

Yes.

software and midpoint the services X% -- number being the to that and at is is of positive the within is down and aspect growing the flat range. the revenue to So X% of recurring X%, up growing the

line some having that's customers that and schedules. of positive, enterprise Day, we we're given So the we in volatility to believe visibility of demand some lumpy At as now, with Investor with we're Investor just would our large Day be projects and and back projects that's typically and we seeing these their refreshed expectations, and is know have projects where it. by our not hardware cyclical time these would the

the Day. And which would hardware, line we midpoint. to to hardware guiding we So X% Investor with be XX% X%, have exclude we're if at is down revenue in up been

Daniel Perlin

[indiscernible].

post that then think demand in I'll with X.X of saw the the that the ago the hardware we're the to some last years out year. seeing expectations from call we are it we in COVID, in coming line harder of market for what rebound have I X and market dynamics years broader

So . we're that line seeing in market. with

Sabrina Hao

And just more. Understood. That's super helpful. X maybe then

segment? mid-market is restaurant within changing then pillars are what guide that long-term what your that And strategy? of And I guess, are serve much your better into in segment. of to . the the You how talked about baked wanting the you

Unknown Executive

that our That's all I'll guidance. we Yes, feel long-term start guide. It's confident into with in end. baked the why

it's really X to sites. definition restaurants, in I our As described mid-market XX

geographic about sites or a or growing overall either operator more the that a So grow trying to across in multisite into country. is region think

Our led that approach is payments space. in

build we that space side tech capabilities, you'll as the And service we're of also additional as building it's our to well. in the really then see adds payment So platform. differentiation what that that on out show up

our We'll use it. think simplify going our dose then our a change in in space. and also our it bit customers about the And go-to-market how salespeople. product are some go-to-market of really, little to we terms real that is with additional focus,

Operator

of Research. question Our Kartik from next the comes Mehta with line Northcoast

Kartik Mehta

did Dave obviously, outlook lot as Brian, -- and you revenue for dragging as a of digital anticipate apologize, look that, down look banking continue at growth. that the will bit the the in business considering you little 'XX? lot grow the I guidance at it of that more at size now? the is and it dragging dragging rate of difficult to is businesses, a hardware grow the would a you Or to as But piece,

Unknown Executive

Yes.

segment, think we as Banking this to new customers year be And X% EBITDA we for and continue that we being cross-sell. XX%. Digital we'll anticipate up margin add So at flat

David Wilkinson

we're we've over in we're And taking that's seeing, jewel we XX new space, overall competitive at months. Kartik. have product. wins that And within last undervalued remarks, would our Yes, a had as prepared look net that an When very add described portfolio. share. we that in our believe and in you crown wins we the XX that I customer the space

already in profitable, are business. the it's prospects very it's breaking for And that rule growth us, business in -- large even also So we this a we space. though the like

good business the really about growth feel prospects. we and So long-term that

Kartik Mehta

I'm just, wondering, few ins and years, And probably to associated next then on conversion takes there's you with NCR, what expect -- Brian, flow be. and outs lots conversion, the obviously I'm assuming XXXX you're cash it. maybe the would separating had over of from

Unknown Executive

Yes.

So are conversion is some still separation impacted million $XX this probably of us. impacting that to cash costs year million by $XX

We those improve are restructuring associated cash things some cash margin continue and also we -- and to things pressuring cost our we'll will down, come with takeout bit. more go conversion forward, a flow. as those have generate But so

to think working We a well. for improvement there's the have capital in continue as in we this opportunity years. baked future that year

line go see we at forward. we cash with improving said we So Day what conversion as in Investor

Operator

next the question comes from Our Perlin RBC. with of line Dan

Unknown Analyst

It's about I when what [indiscernible] focus and Dan. sales investments force the for you're first, at questions. or guess, looking of this for on SMB year? sort thinking either are Two product we

Daniel Perlin

bit Yes. a say mid-market. SMB, little to I'll just redirect

multisite are on feel product, kind X%, restaurant of We retail. both is that we good and operator, that focused in shape. The

So -- in of if on with easier million it on the payments process across for we're about onboard and the going -- led to customers work and the to overall, those investing at sales sellers I whole $XX quote And offering. making side, to our terms look it selling. company. we're

X will it so the businesses. think growth come X all I across where in when And all about across businesses, will be that segment mid-market

feet more impact street. . make So think show that's in on the sales where investments And get we we're will more the going to up. to

Unknown Analyst

on year. solutions? are new players homegrown mainly piece, quarter number it And And or from? I in the of net taking banking who share digital Is Okay. wins legacy the in then had the wondering, a you was you

Unknown Executive

legacy call players as pool. it we're -- the donor I'll the the mainly seeing It's that

Operator

& question Oppenheimer from Ian next comes Our Company. Zaffino of the with line

Unknown Analyst

margin This is cost your for on is and Isaac guide can the on EBITDA My talk component [indiscernible] costs strong. The the and certainly Ian. expectations hardware for first side, year? about you labor

year. you the the just how . that So maybe flows trying through measures taken talked to saving and cost and about for already you've understand

Unknown Executive

we're the talked and annualized X areas split you. this costs year, taking out Yes. is I about. the between it's million $XXX Thank

impact and been we The first P&L. being is inventory, hardware, to made the changes which -- starting is simplifying will that those start as how impact go products, P&L we and through design and have our to our the

$XX our in and So using there, we're we'll next changes of taking million area million. skill $XX set taken through is quarter. most about services, that. self and that's end this matches that's $XX get set also hiring anticipate halfway structural overlaps year, The skill that versus worth of about entry get between rid is remote organizations need overall around more, targeting and the million of before this the need NCR We capability and more savings what to actions. we We're we've the

So will be that behind a lot us. of

last value facilities, real lower-cost estate reducing to area footprint is resources, corporate there, And then the focused down we're and that's underway. centers closing our some on footprint. and strategic our shifting and And

We behind that have us. of XX% probably

of this trying we to year, expect at we're program, this and million drive $XX So related to savings least more. in-year

David Wilkinson

look exit we are we're the QX to those just the make would I net run just what to We're on sales, continue can reinvest rate, those that's going the say And business. in reinvesting numbers. that in grow some at if to savings, you that back sure cost go-to-market of

While the certain look customer strategic investment we're Brian foundational that described, as savings areas. more surgical go-to-market, making we're say we a not support, and sales at like They're making where and elements things the is cuts and I'll investment we're there. continuing in little product -- innovation

Unknown Analyst

just . to talk allocation the And you to long-term helpful. pace Maybe free to priorities a move That's X.Xx. capital What's Okay. as regarding at very then quick flow Xx down the you'd could X follow-up target? net your leverage for like if about year. cash the

Unknown Executive

Yes.

of leverage X.X our which be turns So in to we free laying and this net X.X year, to down from the get cash investing CapEx, debt. net the million. that's the then think this And for going balance to year. year, can end to And our for by focus add there, it's our flow, we is to $XXX cash bring

Operator

Alex the next comes with our of from question [indiscernible] line And Stephen.

Unknown Analyst

from growth then to can business, the standpoint? the needle just we that within give how And that see when sense of just moving Just us retail the platform could are much a sites contributing a you segment?

Unknown Executive

Yes. overall growth. they the good the mean, to and I numbers, in sites. We're are seeing platform you growth contributing saw

question and we'll about platform software-specific platform. and the related So look if all in I And If all that double-digit I in see these ARR ARR 'XX, the down low software-specific break business, further sites to even think growth I take into in about 'XX. sites. connecting that's growth get that expecting [indiscernible] ARR original to at single coming ARR. digits. connected around that we're mid- from to see in high the -- That's that

So uplift make it getting the when we connection if ARPU us in you platform, connect and we we're an cross-sell that allows sites remember, to when and these to upsell.

growth our cohorts we're to aging, benefit streams, and recurring see these these numbers. as you'll revenue in see that's starting that are what So

Again, of the a retail, little nicely. rest the but growing and hardware revenue overall of because are software and the recurring are business muted numbers streams

Unknown Analyst

Okay. you could And provide revenue in restaurant retail and if segment helpful. within then just associated hardware, some the the on any expected in 'XX would lumpiness . with the color be cadence given of

Unknown Executive

Sure.

then that's be roughly flat I restaurants, of software made and is for hardware mentioned, down. million growing and retail, X%, to being up would X% X% it to I hardware, So but growing in expect if overall, we services up And be due decline for declining $XX that is adjust software software the X%. And and up to and X%. that's services nonrecurring payment the

retail. X seeing services growth pressure, businesses and is especially all on just on in the software we're So putting hardware It's line.

Operator

the the question-and-answer of call have over we David the reached closing for back to And session. you. turn I'll end Wilkinson now remarks. And CEO, Thank

David Wilkinson

trust Voyix put to again investors closing, to In I'd colleagues now strategic they the I'd our again every NCR their to for their their them help up us our objectives. support. our in for for to thank Yes. day ongoing like to contribution success thank and achieve like also our customers,

remain on bringing and clients we serving committed platform the all earlier, our stated I existing them to journey. As

years platform. the Our and our to going to to platform past continue provided investments to the real over have them value we're connect customers,

solid within We've of new our foundation mid-market. for growth specifically built a and customers, the growth in base

where of turning do call. in our results. in I the this execute. we I plan today, management believe need are, While you up better focus this foundation proud into to in and will at have growth, joining to outlined we're believe this and for the show we all Thank we team

Operator

concludes and your at for And your time. participation. may disconnect you this you this lines today's conference, Thank

NCR Voyix (VYX) 29 Feb 242023 Q4 Earnings call transcript