Up sharply in premarket trading in response to its Q4 beat, Teradata (TDC +3.7%) has given back a chunk of its gains. A likely reason: The data warehousing hardware/software provider has guided for 2014 EPS of $2.85-$3, below a $3.04 consensus.
After seeing its sales grow 1% in 2013, 3%-7% revenue growth is expected in 2014 (consensus is at 4.8%).
Product revenue (drives future services revenue) rose 3% Y/Y in Q4 to $372M. Services revenue rose 5% to $397M. Americas sales +3% to $464M, international +5% to $305M.
With shares fairly close to their 52-week low of $39.16 going into earnings, expectations were low. A major October warning has put investors on edge, and so have long-term concerns about the threat posed by the Hadoop big data framework to Teradata's traditional data warehousing solutions.