Teradata Corporation (TDC) - NYSE
  • Thu, May 5, 10:21 AM
    • Teradata (NYSE:TDC) is up 4.3% in early going after a Q1 beat where it issued strong guidance for 2016 profits.
    • The company named Victor Lund to replace Mike Koehler as CEO, effective immediately. Lund has acted as chair of Teradata's audit committee and was non-executive chairman at DemandTec for several years.
    • Revenues fell but came in above expectations, and profits grew 57% on a non-GAAP basis. Gross margin (non-GAAP) grew to 51.1% from the prior year's 49.3%.
    • Teradata guided to full-year EPS of $2.35-$2.50 (vs. consensus of $2.35) and revenues of $2.25B-$2.32B.
    • Q1 revenue by segment: Americas Data and Analytics, $295M (down 12%); International Data and Analytics, $216M (up 4%); Marketing Applications, $34M (down 11%). The company agreed to sell its Marketing Applications business last month for $90M.
    • Press Release
    | Thu, May 5, 10:21 AM
  • Thu, May 5, 6:48 AM
    • Teradata (NYSE:TDC): Q1 EPS of $0.47 beats by $0.10.
    • Revenue of $545M (-6.4% Y/Y) beats by $25.72M.
    • Press Release
    | Thu, May 5, 6:48 AM
  • Wed, May 4, 5:30 PM
  • Thu, Feb. 4, 12:34 PM
    • 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
    | Thu, Feb. 4, 12:34 PM | 1 Comment
  • Thu, Feb. 4, 7:09 AM
    • Teradata (NYSE:TDC): Q4 EPS of $0.70 in-line.
    • Revenue of $719M (-5.5% Y/Y) beats by $17.79M.
    | Thu, Feb. 4, 7:09 AM
  • Wed, Feb. 3, 5:30 PM
  • Nov. 5, 2015, 9:21 AM
    • In the wake of its Q3 sales miss, Teradata (NYSE:TDC) expects 2015 revenue to be down 6%-8% Y/Y, more than prior guidance for a 3%-6% drop and below a -5.4% consensus. EPS guidance has been cut to $2.00-$2.20 from $2.20-$2.50; consensus is at $2.22.
    • Teradata plans to exit its marketing app business to "allow the company to focus exclusively on improving and growing its Data and Analytics business." It's also "rationalizing its cost structure to better align its infrastructure, research and development and go-to-market resources," and plans to give customers new buying options, including a software-only version of its data warehousing platform and a public cloud version that will launch on Amazon Web Services in Q1 2016.
    • The job cuts and marketing app exit are expected to lower 2016 operating expenses by $180M-$200M, and to boost op. income by ~$120M. They come amid tough competition from both traditional data warehousing rivals such as IBM, Oracle, and Microsoft, and indirect competition from the Hadoop big data/analytics platform (Cloudera and Teradata-backed Hortonworks are leading players). (8-K filing)
    • Top-line performance: Product revenue (drives future maintenance/consulting revenue) fell 18% Y/Y in Q3 to $240M. Consulting services fell 3% to $194M, and maintenance services 1% to $172M. Segment-wise, data/analytics revenue fell 9% to $557M, and marketing app revenue 8% to $49M.
    • Financials: Boosting EPS: $250M was spent to buy back 8.5M shares. Gross margin fell 180 bps Y/Y to 50.7%. SG&A spend fell by $2M to $179M; R&D rose by $5M to $51M. Teradata ended Q3 with $874M in cash, and $710M in debt.
    • Shares have fallen to $27.96 premarket. The 52-week low is $27.56.
    • Q3 results, PR
    | Nov. 5, 2015, 9:21 AM | 1 Comment
  • Nov. 5, 2015, 7:02 AM
    • Teradata (NYSE:TDC): Q3 EPS of $0.55 in-line.
    • Revenue of $606M (-9.1% Y/Y) misses by $32.36M.
    | Nov. 5, 2015, 7:02 AM
  • Nov. 4, 2015, 5:30 PM
  • Aug. 6, 2015, 1:08 PM
    • With a Q2 miss on the books, Teradata (TDC) now expects 2015 revenue to be down 3%-6% Y/y (flat to up 3% exc. forex) and EPS to be in a range of $2.20-$2.50. That's below prior guidance of flat to -2% rev. growth and EPS at the low end of a $2.50-$2.70 range; consensus is for a 2.6% sales decline and EPS of $2.44.
    • The guidance cut, which will likely heighten fears about the impact of Hadoop big data projects on Teradata's traditional data warehousing sales, is blamed on deferrals and longer sales cycles for big transactions. Major Hadoop software provider Hortonworks - Teradata is an investor - posted a Q2 beat and hiked its 2015 guidance yesterday afternoon.
    • Top-line performance: Product revenue (hardware/software, drives future services revenue) fell 15% Y/Y in Q2 to $256M. Consulting revenue fell 4% to $194M, and maintenance revenue was flat at $173M. Data/analytics segment revenue fell 8% to $575M, and marketing app revenue 9% to $48M.
    • Financials: Gross margin fell 180 bps Y/Y to 54.3%. SG&A spend rose 1% to $190M, and R&D spend 18% to $59M. $39M was spent on buybacks. Teradata ended Q2 with $921M in cash, and $600M in debt.
    • Shares have plunged to their lowest levels since 2010.
    • Q2 results, PR
    | Aug. 6, 2015, 1:08 PM | 1 Comment
  • Aug. 6, 2015, 7:04 AM
    • Teradata (NYSE:TDC): Q2 EPS of $0.53 misses by $0.03.
    • Revenue of $623M (-7.8% Y/Y) misses by $28.29M.
    | Aug. 6, 2015, 7:04 AM
  • May 7, 2015, 12:15 PM
    • In addition to missing Q1 estimates, Teradata (NYSE:TDC) now expects 2015 EPS to be at the low end of a prior $2.50-$2.70 guidance range (consensus is at $2.57). Revenue is still expected to be flat to down 2% (consensus is at -1.5%).
    • The company has added $300M to its buyback, raising its total authorization to $431M. $273M was spent to buy back 6.3M shares in Q1.
    • Q1 hardware/software revenue -12% Y/Y to $241M; consulting services -9% to $172M; maintenance services +2% to $169M. The numbers come amid ongoing fears about competition - both from traditional rivals such as IBM/Oracle, and from the growing adoption of the Hadoop big data framework.
    • Financials: Total revenue growth was -7% in dollars, and -2% in constant currency. Gross margin (non-GAAP) fell to 49.3% from 54.9% a year ago, and op. margin to 10.5% from 19.9%. SG&A spend fell by $4M Y/Y to $184M; R&D spend rose by $7M to $63M. Teradata ended Q1 with $881M in cash and $600M in debt.
    • Q1 results, PR
    | May 7, 2015, 12:15 PM
  • May 7, 2015, 6:57 AM
    • Teradata (NYSE:TDC): Q1 EPS of $0.30 misses by $0.12.
    • Revenue of $582M (-7.3% Y/Y) misses by $23.8M.
    | May 7, 2015, 6:57 AM | 1 Comment
  • Feb. 5, 2015, 2:44 PM
    • In addition to \missing Q4 revenue estimates (while slightly beating on EPS), Teradata (NYSE:TDC) has guided for 2015 revenue to be flat to down 2% Y/Y, and for EPS to be in a $2.50-$2.70 range. That's below a consensus for 3% revenue growth and EPS of $2.98. Forex is expected to have a $0.22 EPS impact.
    • Product revenue (hardware and software, drives future services revenue) fell 3% Y/Y in Q4 to $360M. Consulting services revenue was flat at $225M, and maintenance services up 2% to $176M. Americas revenue fell 2% to $456M; international was flat at $305M.
    • $269M was spent on buybacks, boosting EPS. Gross margin fell 40 bps Y/Y to 56.9%. GAAP operating expenses rose 5% to $267M.
    • The numbers are likely to trigger fresh fears about the impact of big data projects relying on Hadoop and/or NoSQL on Teradata's traditional data warehousing offerings.  Teradata, which made a string of Hadoop-related acquisitions last year, says it's "increasing investments significantly in 2015 in Big Data Analytics, Marketing Applications, Teradata Cloud, and in demand creation to go broader in the market."
    • Q4 results, PR
    | Feb. 5, 2015, 2:44 PM | 1 Comment
  • Feb. 5, 2015, 6:56 AM
    • Teradata (NYSE:TDC): Q4 EPS of $0.91 beats by $0.01.
    • Revenue of $761M (-1.0% Y/Y) misses by $17.91M.
    | Feb. 5, 2015, 6:56 AM
Company Description
Teradata Corp. provides analytic data platforms, consulting services, marketing and analytic applications. Its analytic data platforms are comprised of software, hardware, and related business consulting and support services for data warehousing, active intelligence, big data analytics, and data... More
Sector: Technology
Industry: Diversified Computer Systems
Country: United States