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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