Teradata 3Q Net Up 16% On Broad Revenue Growth, Raises Outlook 7:17a ET November 3, 2011 (Dow Jones) Teradata 3Q Net Up 16% On Broad Revenue Growth, Raises Outlook
DOW JONES NEWSWIRES
Teradata Corp.'s (TDC) third-quarter earnings rose 16% on revenue growth across its geographic markets, with double-digit gains in the Americas, Europe, the Middle East and Africa. The business-data storage company raised its full-year outlook for the second time in three months, now expecting adjusted per-share earnings of $2.25 to $2.30 on revenue growth of 19% to 21%. In August, the company forecast adjusted earnings of $2.20 to $2.28 a share and revenue growth of 18% to 20%. Teradata, which competes with such heavyweights as Oracle Corp. (ORCL) and International Business Machines Corp. (IBM), has benefited in recent quarters by double-digit revenue growth in the Americas region. Teradata posted a profit of $87 million, or 51 cents a share, up from $75 million, or 44 cents a share, a year earlier. Excluding stock-based compensation, amortization and other items, earnings rose to 59 cents from 46 cents. Revenue jumped 23% to $602 million. Analysts polled by Thomson Reuters expected per-share earnings of 55 cents on $582 million in revenue. Gross margin narrowed to 54.5% from 57.1%. Revenue climbed 28% in the Americas region, which accounts for the largest share of the company's top line. Europe, the Middle East and Africa revenue climbed 22%, while the Asia-Pacific and Japan region's revenue rose 6.8%. Shares closed at $57.67 Wednesday and were inactive in premarket trading. The stock is up 40% so far this year.