Seeking Alpha

Teradata jumps on better-than-feared results, guidance; peers higher

  • Teradata (TDC +7.7%), which tumbled this year on bad earnings news and IT spending concerns, is reiterating its guidance for 2013 EPS to be at the low end of an initial guidance range of $3.05-$3.20; that's still above a $3.00 consensus.
  • Due to a 100-200 bps forex hit, Teradata now expects 2013 revenue growth of 4%-5%, below a 5.2% consensus.
  • Q2 EPS was lifted by $91M in buybacks, and a relatively healthy gross margin of 57.9% (down 60 bps Y/Y, but that's better than the 240 bps drop seen in Q1).
  • Product revenue (drives future services sales) -12% Y/Y vs. -19% in Q1. Consulting services +10%, maintenance services +7%.
  • Americas revenue +2% vs. -9% in Q1. International -1% vs. +3%.
  • SG&A spend +3% Y/Y to $185M. R&D spend +10%, but still only $47M.
  • Data warehousing/analytics peers are outperforming: INFA +2.5%. DATA +2.1%. QLIK +4.1%. TIBX +2.3%. SPLK +3.2%.
  • Q2 results, PR
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|