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Teradata Corporation (TDC)

  • Thu, Feb. 5, 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
    | 1 Comment
  • Thu, Feb. 5, 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.
    • Press Release
    | Comment!
  • Nov. 6, 2014, 3:57 PM
    • On a constant currency basis, Teradata (NYSE:TDC) still expects 2014 revenue growth to be at the low end of an original 3%-7% guidance range. However, forex is now expected to provide a 1% headwind; consensus is for 2.9% growth.
    • EPS, meanwhile, is still expected to be at the low end of a $2.85-$3.00 guidance range; consensus is at $2.85.
    • Cost controls helped Q3 EPS beat estimates: Opex rose less than 1% Y/Y to $227M. $98M worth of buybacks also didn't hurt.
    • The data warehousing tech provider's product revenue (drives future services revenue) remains under pressure amid a tough competitive backdrop: It fell 4% Y/Y in Q3 to $294M. Services revenue rose 4% to $373M.
    • Q3 results, PR
    | Comment!
  • Nov. 6, 2014, 6:58 AM
    • Teradata (NYSE:TDC): Q3 EPS of $0.71 beats by $0.05.
    • Revenue of $667M (+0.2% Y/Y) in-line.
    • Press Release
    | Comment!
  • Aug. 7, 2014, 7:02 AM
    • Teradata (NYSE:TDC): Q2 EPS of $0.72 beats by $0.07.
    • Revenue of $676M (+0.9% Y/Y) beats by $15.3M.
    • Press Release
    | 1 Comment
  • Jul. 24, 2014, 5:51 PM
    • Informatica (NASDAQ:INFA) has guided on its Q2 CC (webcast) for Q3 revenue of $245M-$260M and EPS of $0.30-$0.35, below a consensus of $260.6M and $0.38.
    • Full-year EPS guidance has been cut by $0.05 to $1.55-$1.60 (below a $1.62 consensus). Full-year revenue is expected to be in a range of $1.03B-$1.06B vs. a $1.06B consensus.
    • Data warehousing peer Teradata (NYSE:TDC) is also lower. Its Q2 report is due on Aug. 7.
    • Q2 results, PR
    | Comment!
  • May. 8, 2014, 12:13 PM
    • Though it beat Q1 estimates, Teradata (TDC -10%) now expects full-year revenue growth and EPS to be "at the lower end" of prior guidance ranges of 3%-7% and $2.85-$3.00. The consensus is for 5.1% rev. growth and EPS of $2.93.
    • Teradata has added $300M to its buyback authorization, raising its size to $550M (good for buying 9% of shares at current levels). $86M was spent on buybacks in Q1.
    • Americas revenue +8% Y/Y in Q1 to $384M, international revenue +5% to $244M. Product revenue (drives future services revenue) +10% Y/Y to $273M, services revenue +5% to $355M.
    • Gross margin rose 160 bps Y/Y to 54.9%. SG&A spend rose 5% Y/Y to $188M. R&D spend rose 12%, but still only totaled $56M.
    • Worries about the impact of Hadoop big data projects on Teradata's data warehousing hardware/software sales have been around for a while. Teradata, which has launched a Hadoop appliance, insists the technology's adoption will be a positive for the company.
    • Q1 results, PR
    | Comment!
  • May. 8, 2014, 7:00 AM
    • Teradata (TDC): Q1 EPS of $0.54 beats by $0.07.
    • Revenue of $628M (+7.0% Y/Y) beats by $13.41M.
    • Press Release
    | Comment!
  • Feb. 6, 2014, 10:53 AM
    • 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.
    | 1 Comment
  • Feb. 6, 2014, 6:57 AM
    • Teradata Corporation (TDC): Q4 EPS of $0.88 beats by $0.03.
    • Revenue of $769M (+3.9% Y/Y) beats by $25.4M.
    • Press Release
    | Comment!
  • Oct. 31, 2013, 6:59 AM
    • Teradata (TDC): Q3 EPS of $0.70 beats by $0.01.
    • Revenue of $666M misses by $32.92M. (PR)
    | Comment!
  • Oct. 25, 2013, 2:40 PM
    • Big data/analytics plays Teradata (TDC -2.7%), Tableau (DATA -0.8%), Splunk (SPLK -2.6%), and Tibco (TIBX -2.7%) are trading lower after Qlik (QLIK -18.4%) and Informatica (INFA -3.8%) posted Q3 results and Q4 guidance yesterday afternoon. While Qlik fell sharply immediately after releasing its numbers, Informatica opened higher before gradually selling off today.
    • Much like Tibco earlier in 2013, Qlik is blaming its weaker-than-expected top-line results and guidance on sales execution. The business intelligence/analytics software firm stated on its CC (transcript) its needs to adjust sales processes and "improve operational discipline."
    • Some analysts questioned Qlik about the performance of its European ops (responsible for half of revenue). While Americas sales rose 35% Y/Y in Q3, European sales only rose 13% (9% exc. forex). Qlik suggests its problems on the continent are due to both macro and sales execution.
    • Informatica's top-line guidance was strong, but its EPS guidance was more subdued due to the impact of major sales/R&D investments. Headcount rose by 98 people Q/Q and 364 Y/Y in Q3 to 3,178.
    • Informatica mentioned on its CC (transcript) it booked 23 $1M+ deals and 87 $300K+ deals in Q3, up from 13 and 75 a year ago. Subscription sales rose 48% Y/Y, and now make up 12% of software revenue.
    | Comment!
  • Sep. 20, 2013, 1:02 PM
    • Qlik (QLIK +4.8%), Teradata (TDC +3.2%), Tableau (DATA +1.1%) and Splunk (SPLK +1.2%) are all moving higher after Tibco (TIBX +3.4%) beat FQ3 estimates on the back of stronger-than-expected license growth and $1M+ deal activity and Susquehanna upgraded both Tibco and data warehousing software vendor Informatica (INFA +3.7%).
    • The sell-side is generally pleased with Tibco's report. FBN likes the fact Tibco's BusinessEvents event-processing software (a key part of its business optimization unit, along with the Spotfire analytics platform) saw rebounding demand, and Pac Crest is encouraged by "commentary indicating a potential return to a more robust large-deal environment."
    • Jefferies thinks Tibco ""provided some of the more constructive macro / demand commentary in the sector," and can further improve sales productivity." Stifel notes federal and core middleware sales remain soft, but also asserts Tibco's "superior product stack is levered to a number of secular trends (analytics, big data, social, cloud, real-time) that solve real-world problems across verticals."
    • Separately, Cantor has started coverage on Splunk with a Buy and $70 PT as part of a broader enterprise IT launch. The firm thinks Splunk's machine data analytics platform "could be a disruptive force across the IT landscape as new users are brought onto the platform and new use cases are uncovered."
    • A recent survey of Fortune 1000 execs found 68% stating their firms plan to spend $1M+ on big data projects this year, up from a little over 1/3 a year ago. 19% expect to spend $10M+ this year, and 50% expect to do so by 2016. 70% of investing firms said they're putting money into analytics projects.
    | Comment!
  • Aug. 1, 2013, 11:04 AM
    • 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
    | Comment!
  • Aug. 1, 2013, 7:11 AM
    • Teradata (TDC): Q2 EPS of $0.76 beats by $0.05.
    • Revenue of $670M (+1% Y/Y) misses by $0.7M. (PR)
    | Comment!
  • May. 2, 2013, 4:14 PM
    Teradata (TDC): Q1 EPS of $0.43 misses by $0.10. Revenue of $587M (-4% Y/Y) misses by $25.1M. Expects 2013 revenue growth to now be at low end of guidance range of 6%-10%; consensus is at 8.1%. Expects 2013 EPS to now be at low end of guidance range of $3.05-$3.20; consensus is at $3.08. Shares -10.5% AH (PR)
    | Comment!
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Company Description
Teradata Corp is engaged in analytic data solutions, including integrated data warehousing, big data analytics & active intelligence. Its data warehousing solutions are software, hardware and related business consulting & support services.