Teradata Corp Earnings Cheat Sheet: Revenue Grows By Double-Digits For Fifth Straight Quarter

S&P 500 (NYSE:SPY) component Teradata Corporation (NYSE:TDC) reported net income above Wall Street’s expectations for the third quarter. Teradata provides enterprise data warehousing, including enterprise analytic technologies and services.

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Teradata Earnings Cheat Sheet for the Third Quarter

Results: Net income for the diversified computer systems company rose to $87 million (51 cents per share) vs. $75 million (44 cents per share) in the same quarter a year earlier. This marks a rise of 16% from the year earlier quarter.

Revenue: Rose 23.1% to $602 million from the year earlier quarter.

Actual vs. Wall St. Expectations: TDC reported adjusted net income of 59 cents per share. By that measure, the company beat the mean estimate of 53 cents per share. It beat the average revenue estimate of $581.8 million.

Quoting Management: “We continued to deliver strong operating results in the third quarter, growing revenue 23 percent and earnings per share 28 percent. Based on this performance, we are raising our full-year guidance for both revenue and earnings per share,” said Mike Koehler, president and chief executive officer of Teradata Corporation. “Teradata’s industry-leading data warehousing, big data analytics, and integrated marketing management solutions are in demand as companies look to cost effectively manage the data explosion and extract new insights from both traditional and new types of data.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past five quarters. Over that span, the company has averaged growth of 18%, with the biggest boost coming in the second quarter when revenue rose 23.6% from the year earlier quarter.

The company has now beaten estimates the last two quarters. In the second quarter, it topped expectations with net income of 57 cents versus a mean estimate of net income of 52 cents per share.

The company has now seen net income rise in two straight quarters. In the second quarter, net income rose 39.2% from the year earlier.

Looking Forward: The outlook for the company’s results in the upcoming quarter is unfavorable. The average estimate for the fourth quarter is 58 cents per share, down from 61 cents ninety days ago. Over the past three months, the average estimate for the fiscal year has climbed from $2.08 per to share to $2.13.

Competitors to Watch: Intl. Business Machines Corp. (NYSE:IBM), Oracle Corporation (NASDAQ:ORCL), CA, Inc. (NASDAQ:CA), Microsoft Corporation (NASDAQ:MSFT), MicroStrategy Incorporated (NASDAQ:MSTR), Progress Software Corp. (NASDAQ:PRGS), SAP AG (NYSE:SAP), Datawatch Corporation (NASDAQ:DWCH), Informatica Corporation (NASDAQ:INFA), and Tibco Software Inc. (NASDAQ:TIBX).

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(Source: Xignite Financials)