Miami Twp.-based Teradata reported net income of $91 million, or 53 cents per diluted share, for the first quarter of 2012, above the $65 million, or 38 cents per share, reported for the same quarter a year ago.
For the quarter that ended March 31, Teradata reported total revenue of $613 million, 21 percent above the $506 million reported for the same period last year.
“Teradata delivered our highest organic, constant-currency revenue growth quarter ever in the first quarter, fueled by record product revenue growth of 31 percent,” Mike Koehler, Teradata president and chief executive, said in a statement. “We have the widest and deepest portfolio in the market to address the analytic data needs of any organization. Teradata is well positioned in three large and growing markets — data warehousing, big data analytics and integrated marketing management.”
Koehler added that data and analytics are growing priorities for C-level executives — such as CEOs and COOs — so the company raised its 2012 full-year revenue growth guidance. The company is increasing its guidance to 12 to 14 percent from its original guidance of 10 to 12 percent. Earnings per share are now expected to be in the $2.24 to $2.34 range, the company said.
Analyst Derrick Wood, of Susquehanna Financial Group, sees a promising future for Teradata.
“Our take-away is that IT spending on such digital optimization services is beginning to significantly heat up,” Wood wrote in a note to clients Thursday. “Marketing spend has been flat for several years but seems to finally be strengthening.”
Teradata has about 400 Dayton-area employees and about 8,000 globally.
Contact this reporter at (937) 225-2390 or tgnau@DaytonDailyNews.com.
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