Teradata Corp. (TDC) Q1 Earnings & Revenues Top Estimates
Founded in 1979 and headquartered in Dayton, Ohio, Teradata Corporation TDC is a leading provider of Enterprise Data Warehousing (EDW) solutions, including enterprise analytic technologies and services worldwide. The EDW offering is built on Massively Parallel Processing (MPP) architecture. The company was spun off from NCR Corporation in Aug 2007 and now operates as a standalone entity.
Teradata provides analytic data solutions, which include integrated data warehousing, big data analytics and business applications. The company’s data warehousing solutions comprise software, hardware, and related business consulting and support services.
Zacks Rank: Currently, Teradata has a Zacks Rank#3 (Hold) but that could change following its first quarter 2016 earnings report which has just released.
We have highlighted some of the key details from the just-released announcement below:
Earnings: Teradata reported adjusted earnings (including stock-based compensation expense but excluding other items) of 37 cents per share, above the Zacks Consensus Estimate of 31 cents and year-ago quarter earnings of 22 cents.
Revenue: Revenues of $545 million came ahead of the Zacks Consensus Estimate of $525.8 million but declined 6% year over year.
Key Stats: In the quarter, non-GAAP operating income was $92 million, up from $61 million in the prior-year quarter.
Check back later for our full write up on this TDC earnings report later!
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