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Teradata up 6.1% after Q4 sales beat, solid 2016 guidance

Feb. 04, 2016 12:34 PM ETTeradata Corporation (TDC) StockBy: Eric Jhonsa, SA News Editor1 Comment
  • Teradata's (NYSE:TDC) 2016 non-GAAP revenue guidance of $2.275B-$2.32B is officially below a $2.37B consensus. However, the guidance excludes revenue from Teradata's marketing app business. which (in-line with plans announced in November) the company plans to sell near the end of Q1. The business had 2015 revenue of $152M.
  • 2016 EPS guidance is at $2.35-$2.50, above a $2.30 consensus and reported 2015 EPS of $2.06. The guidance excludes an expected $7M post-tax Q1 marketing app division loss.
  • Q4 details: Teradata's core Data and Analytics business (data warehousing hardware/software, pressured by competition) saw revenue drop 6% Y/Y (-1% exc. forex) in Q4 to $559M, a slightly smaller drop than Q3's 9%. Total product revenue (drives future services revenue) fell 11% to $320M. Services revenue fell fractionally to $399M.

    Non-GAAP gross margin was 52.2%, up from 50.7% in Q3 and down from 56.9% a year ago. GAAP SG&A spend was flat Y/Y at $213M; R&D rose by $1M to $55M. $99M was spent to buy back 3.5M shares, bringing the full-year buyback sum to $573M. Teradata ended Q4 with $839M in cash (over 95% offshore) and $780M in debt.
  • Teradata's Q4 results, earnings release

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