The plan to spin out NCR Corp next quarter is still on track – but it is conditional on a successful turnaround. Supposedly it is ahead of its plan after losing $37m in the first quarter and recording an operating profit of $11m in the second quarter. Its plan for break-even is based on no revenue growth, taking out 25%, or $600m, in expenses, and getting margins up a few points. NCR says that in the first half it delivered exactly on that plan, cutting $330m in expenses, while its gross margins have increased more than five points.
