NCR Voyix Q2 revenue $876M (-7% YoY); to sell Digital Banking to Veritas for $2.45B, partners with Ennoconn on ODM model

NCR Voyix Corp

Q2 revenue $876M (-7% YoY); net loss from cont ops $74M vs $51M loss prior year.
Adjusted EBITDA $144M vs $168M prior year; normalized Adj EBITDA $145M vs $183M.
Sale of Digital Banking to Veritas Capital for $2.45B cash plus up to $100M contingent consideration; expected close year-end 2024.
Outsourced design and manufacturing agreement with Ennoconn for POS and self-checkout hardware, reducing revenue volatility from 2025.
Cost reduction program: $75M annualized payroll cuts already, targeting additional $30M non-payroll savings post-transactions.

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