NCR delivered year-on-year Q1 revenue growth of 19% and a 45% increase in non-GAAP income from operations, led by what the company described as “robust revenue increases in our Europe, Middle East and Africa and Americas regions”.

As well as making financial processing hardware, NCR provides data processing services to numerous financial services customers, including credit unions and banks.

Revenues in the Americas grew 15% to $487 million; EMEA revenues increased 30% to $493 million, and revenue from Asia Pacific, Japan was $203 million, up seven percent from Q1 2007.

The company demonstrated global growth in its traditional industries, banking and retail, both of which grew faster than 20% year on year. “Despite the very challenging macroeconomic environment, we see opportunities to grow our business,” said president and CEO Bill Nuti.

“Our vision for the new NCR is to lead how the world connects, interacts and transacts with business and in Q1 we experienced increased and balanced demand for our products and services across our major geographies.

“We remain focused on our key management priorities of generating profitable revenue growth, building a sustainable leading cost structure and improving our working capital position. And while we have significant work ahead of us on each of these priorities, the progress we demonstrated in Q1 indicates that NCR continues on the right path,” he said.

CFO Tony Massetti added: “We continue to be somewhat cautious for the balance of the year due to the broader macroeconomic issues. “Given our strong start to 2008, we are increasing our full year guidance as follows. We now expect to report full year revenue growth of 5-7%, up from the previous guidance range of 3-5% growth. We are increasing our non-GAAP earnings guidance to a range of $1.52-$1.57 per diluted share, up from the previous guidance range of $1.48-$1.55 per diluted share.”