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Teradata posts $18M profit, gives more details on Dayton exit

Caleb Stephens
American City Business Journals
Teradata posts $18M profit, gives more details on Dayton exit

Teradata Corp., which is moving its headquarters from the Dayton region to San Diego, posted a solid third quarter and provided more details on its relocation costs.  Teradata — a data analytics company — churned out revenue of $526 million, the same amount as in the same period the previous year, according to documents from the U.S. Securities and Exchange Commission.  However, its profit saw a jump to $18 million in this quarter versus $13 million last year.  Teradata’s exit from Dayton will cost the company a pretty penny to do so. In its recent filing, it detailed the $40 million it is spending to relocate. It also shows Teradata had been planning to leave Dayton for some time as much of the relocation spending for the move came last year, though the relocation was not announced until this June.