The Adobe Flash Player is required to view this multimedia interactive. Get it here.

Teradata reports record 4Q, full-year profits

Asphalt can only be sealed; only concrete is resurfaced
10:43 a.m.
Dollar stores get wider range of customers
10:32 a.m.
Honda gets a double-shot of good consumer news
10:30 a.m.
Anthem puts emphasis on quality
10:29 a.m.
UD researcher uses know-how to photograph local eagles
5/25/12
> More headlines

Staff Report Updated 10:01 PM Thursday, February 9, 2012

Shares of Teradata Corp. soared Thursday after the Miami Twp.-based company reported its best-ever fourth-quarter and full-year profits on double-digit increases in revenue.

Teradata also said it will buy back an additional $300 million of its stock.

The data-management company’s stock rose nearly $6, or 10 percent, to $63.94. The number of Teradata shares traded Thursday exceeded 5.6 million – more than triple the average daily volume.

Teradata reported a profit of $98 million, or 57 cents a share, up from $85 million, or 50 cents, a year earlier. Excluding items such as stock-based compensation, acquisition and reorganization costs, earnings rose to 66 cents from 53 cents.

For the full year, net income was $399 million, or $2.32 per diluted share in 2011, compared to $317 million, or $1.86 per diluted share in 2010.

The company said fourth-quarter revenue jumped 23 percent to $673 million from $548 million during the same period of 2010. Full-year revenue climbed 22 percent to $2.3 billion from $1.9 billion in 2010.

Teradata’s directors approved the repurchase of $300 million of the company’s shares. The buyback program has been extended to February 2015, the company said. As of Jan. 31, the company had purchased 18.2 million shares.

Share this article