Teradata +4.8% on Q1 beat, solid profit guidance

|About: Teradata Corporation (TDC)|By:, SA News Editor

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.

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