Teradata reports lower revenue, better income

Teradata Corp. — one of the most globally well known local companies — is reporting a drop in revenue and a boost in income.

The Miami Twp.-based company reported Thursday a drop in revenue in the fourth quarter of 2016 versus the same quarter last year, from $719 million to $626 million.

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But revenue in the fourth quarter of 2015 included $39 million of revenue from the Marketing Applications business that Teradata sold in July 2016.

But income went up for the quarter. Net income was $58 million in the fourth quarter, or 44 cents per diluted share, compared to a net loss of $49 million, or a loss of 37 cents per share, in last year’s fourth quarter.

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Data analytics company Teradata reported full-year revenue of $2.322 billion, lower than the $2.530 billion reported in 2015.

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The number also includes revenue from the Marketing Applications business, which was sold.

Net income for the year rose, however, from $125 million, or 95 cents per diluted share, which compared to a net loss of $214 million, or a loss of $1.53 per share in 2015, the company said.

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“Entering 2017, the Teradata team continues its steady execution on our strategic initiatives,” Victor Lund, Teradata president and chief executive, said in a statement. “Our customers tell us that Teradata is becoming more responsive to their wants and needs while helping them gain business value from their analytics.”

Teradata has about 400 Dayton-area employees.

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