The company reported that system revenue hit $50.4 million, up 20 percent; maintenance and transcription services revenue rose to $28.3 million; up 11 percent; and subscription services revenue climbed to $12.8 million, up 23 percent. The only down note was a 4-percent drop in professional services revenue to $8.7 million. By market segment, Hospitality accounted for 57 percent of revenue and retail and entertainment, 27 percent. Those are both for operations in the Americas. International sales were 16 percent of the total. NCR began its $28-per-share tender offer on Monday and it expires on August 19. This is a friendly takeover under a merger agreement and is valued at $1.2 billion, which is about 3.5 times the last full year revenue.