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Teradata (TDC) Misses on Q3 Earnings and Revenue Estimates

Founded in 1979 and headquartered in Dayton, Ohio, Teradata CorporationTDC is a leading provider of Enterprise Data Warehousing (EDW) solutions, including enterprise analytic technologies and services worldwide. The EDW offering is built on Massively Parallel Processing (MPP) architecture. The company was spun off from NCR Corporation in Aug 2007 and now operates as a standalone entity.

Teradata provides analytic data solutions, which include integrated data warehousing, big data analytics and business applications. The company's data warehousing solutions comprise software, hardware, and related business consulting and support services.

Zacks Rank: Currently, Teradata has a Zacks Rank#3 (Hold) but that could change following its third-quarter 2015 earnings report which has just released.

We have highlighted some of the key details from the just-released announcement below:

Earnings: Teradata reported adjusted earnings (including stock-based compensation expense but excluding other items) of 48 cents per share, below the Zacks Consensus Estimate of 50 cents and year-ago quarter earnings of 66 cents.

Revenue : Revenues of $606 million came below the Zacks Consensus Estimate of $637 million and down 9% year over year and 3% year over year considering currency changes.

Key Stats : In the quarter, non-GAAP operating income was $107 million, down from $150 million in the prior-year quarter.

Stock Price : Shares prices did not show any movement in the pre-market trading session.

Check back later for our full write up on this TDC earnings report later!

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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