Teradata releases 2014 Second Quarter Report-VARINDIA

Teradata has reported a revenue of $676 million for the quarter ended June 30, 2014, an increase of 1 per cent from $670 million in the second quarter of 2013. Revenue in the second quarter increased 1 per cent when compared in constant currency.

Gross margin was 54.9 per cent, as reported under U.S. Generally Accepted Accounting Principles (GAAP), versus 56.6 per cent in the second quarter of 2013. On a non-GAAP basis, excluding stock-based compensation expense and the other special items, gross margin was 56.1 per cent, versus 57.9 per cent in the second quarter of 2013.

Teradata reported second quarter net income of $96 million, or $0.60 per diluted share, which compared to net income of $108 million, or $0.65 per diluted share, in the second quarter of 2013. Stock-based compensation expense and other special items reduced Teradata’s second quarter net income by $18 million (or 12 cents of EPS) as reported under GAAP. Excluding stock-based compensation expense and the other special items, non-GAAP net income in the second quarter of 2014 was $114 million, or $0.72 per diluted share, versus $126 million, or $0.76 per diluted share, in the second quarter of 2013.

“We made good progress in several areas of our business in the quarter, and for the first half. New data warehouse customer wins were the second-highest ever recorded for a Q2 and for the first half. International revenue was up 14 per cent in the second quarter, and up 10 per cent for the first half. We continue to experience strong activity with our Unified Data Architecture, Teradata Aster and big data-related solutions and services, as customers build out their analytical ecosystems,” said Mike Koehler, President & Chief Executive Officer, Teradata Corporation.