Teradata delivers strong quarter, ups 2010 outlook

Teradata delivers strong quarter, ups 2010 outlook

Summary: Teradata's third quarter revenue tally of $489 million was up 15 percent from a year ago.

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Teradata delivered a strong quarter across the board and raised its outlook for the year.

The company reported third quarter earnings of $75 million, or 44 cents a share. Non-GAAP earnings were 46 cents a share. Teradata's third quarter revenue tally of $489 million was up 15 percent from a year ago.

Wall Street was expecting earnings of 39 cents a share on revenue of $464.2 million.

Meanwhile, Teradata increased its outlook for 2010. The company projected revenue growth of 12 percent up from its previous outlook for growth of 8 percent to 10 percent. Teradata also projected earnings of $1.71 a share to $1.74 a share. Non-GAAP earnings were projected to be $1.80 to $1.83. Wall Street was expecting 2010 earnings of $1.70 a share.

Teradata's results are notable given that it plays in the hot data warehousing and analytics market. The company also happens to be a fine acquisition target for larger players trying to beef up their analytics capabilities.

By the numbers:

  • Gross margin was 57.1 percent in the third quarter, up from 53.4 percent a year ago.
  • Revenue in the Americas was $292 million, up 18 percent from a year ago. Europe Middle East and Africa revenue was $109 million, and Asia Pacific/Japan sales were $88 million.
  • The company ended the quarter with $741 million.

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Topics: Banking, Enterprise Software

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