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Free Post Earnings Research Report: Teradata Delivered Better Than Expected Earnings Results

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LONDON, UK / ACCESSWIRE / June 7, 2018 / If you want access to our free earnings report on Teradata Corp. (NYSE: TDC), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=TDC. The Company reported its first quarter fiscal 2018 operating and financial results on May 03, 2018. The data management Company's revenues grew 3% on a y-o-y basis. Additionally, the Company provided guidance for the upcoming quarter and fiscal year. Register today and get access to over 1,000 Free Research Reports by joining our site below:


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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Teradata most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:


Earnings Highlights and Summary

For the quarter ended March 31, 2018, Teradata reported revenues of $506 million, up 3% compared to $491 million in Q1 2017. The Company's reported quarter revenue comparison benefited from approximately 4% of foreign currency translation. Teradata's revenue numbers beat analysts' estimates of $496 million.

During Q1 2018, Teradata's recurring revenues were up 11% to $302 million on a y-o-y basis. The Company's Subscription booking mix was 62% in the reported quarter, significantly higher than the anticipated range of 40% - 50%.

For Q1 2018, Teradata's GAAP gross margin was 44.1% versus 45.8% in Q1 2017. On a non-GAAP basis, excluding stock-based compensation expenses and special items, the Company's gross margin was 48.4% in the reported quarter compared to 51.1% in the prior year's same period.

Teradata's operating loss reported under GAAP was $4 million in Q1 2018 compared to breakeven in Q1 2017. On a non-GAAP basis, the Company's operating income was $35 million in the reported quarter versus $59 million in the prior year's comparable quarter. Teradata's non-GAAP operating income was lower due to the shift to subscription and strategic transformation investments.

Teradata's GAAP tax rate was 12.5% in Q1 2018 compared to 0% in Q1 2017. Excluding special items, the Company's non-GAAP tax rate was 25.8% in the reported quarter versus 35.1% in the prior year's corresponding quarter. The drop in the non-GAAP effective tax rate was largely due to the decrease in the US statutory rate, effective in 2018, as a result of the US tax reform enacted in December 2017.

Teradata reported a US GAAP net loss of $7 million, or $0.06 loss per share, in Q1 2018 compared to a net loss of $2 million, or $0.02 loss per share, in Q1 2017. The Company's non-GAAP net income, excluding stock-based compensation expenses and special items, was $23 million, or $0.19 per diluted share, in the reported quarter compared to $37 million, or $0.28 per diluted share, in the year earlier same quarter. Teradata's earnings surpassed Wall Street's estimates of $0.17 per share.

Cash Matters

Teradata generated cash from operating activities of $184 million in Q1 2018 compared to $248 million in Q1 2017. For the reported quarter, the Company generated free cash flow of $156 million versus $230 million in the prior year's comparable quarter. The decline in cash from operating activities and free cash flow was due to the Company's ongoing transition to subscription-based purchasing options, which resulted in Teradata collecting less cash in the current period as customers pay over time; the higher expense run rate from strategic transformation investments made in the prior year; and timing of cash collections.

Teradata ended Q1 2018 with $939 million in cash. As of March 31, 2018, the Company had a total debt of $525 million, all of which was outstanding under a term loan. Teradata had no borrowings under its $400 million revolving credit facility as of March 31, 2018.

During Q1 2018, Teradata repurchased $76 million of its common stock, or approximately 2.1 million shares.


For the full fiscal year 2018, Teradata is forecasting revenues to be in the range of $2.15 billion to $2.18 billion. The Company is expecting GAAP earnings per share to be in the band of $0.58 to $0.64. On a non-GAAP basis, which excludes stock-based compensation expenses and special items, the Company's earnings are estimated to be in the range of $1.40 to $1.46.

For the second quarter of the fiscal year 2018, Teradata is expecting revenues to be in the band of $520 million - $530 million. For the upcoming quarter, the Company is estimating GAAP (loss)/earnings per share to be in the range of $(0.02) to $0.00, and non-GAAP earnings per share in the band of $0.17 to $0.19.

Stock Performance Snapshot

June 06, 2018 - At Wednesday's closing bell, Teradata's stock climbed 2.35%, ending the trading session at $42.63.

Volume traded for the day: 986.76 thousand shares.

Stock performance in the last month - up 10.84%; previous three-month period - up 2.50%; past twelve-month period - up 53.68%; and year-to-date - up 10.84%

After yesterday's close, Teradata's market cap was at $5.19 billion.

Price to Earnings (P/E) ratio was at 96.23.

The stock is part of the Technology sector, categorized under the Data Storage Devices industry. This sector was up 0.5% at the end of the session.


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