AS Watson Expands NCR Voyix Partnership With Global Commerce Platform Deal
VYX sits 39% above its 52-week low of $6.02.
Summary
NCR Voyix signed a multi-year enterprise agreement with AS Watson, the world's largest health and beauty retailer, to deploy its Voyix Commerce Platform across AS Watson brands in Europe and Asia, including Watsons, Superdrug, Savers, Kruidvat, and Drogas. The deal covers POS, self-checkout, loyalty, and managed services, expanding an existing partnership. This follows NCR Voyix's Q2 beat on August 5, where revenue of $523M topped consensus and adjusted EPS beat by $0.02, despite a 21% year-over-year revenue decline from the Hardware Business Transition. The agreement adds a major global retail customer and supports the company's shift toward recurring software and services revenue. No financial terms were disclosed, but the scope across multiple brands and geographies suggests a material enterprise win.
At the time of this announcement, VYX was trading at $8.34 on NYSE in the Technology sector, with a market capitalization of approximately $1.2B. The 52-week trading range was $6.02 to $13.82. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.