Teradata sees both net income, revenue rise

Teradata reported net income of $103 million, or 60 cents per diluted share, for the second quarter of 2011, up 17.7 percent from the $74 million, or 44 cents per diluted share, reported from the same quarter last year.

For first half of the year, the Miami Twp.-based company reported net income of $168 million, or 98 cents per diluted share, up 15.5 percent from the $141 million, or 83 cents per diluted share, for the first half of 2010.

The company also reported revenue of $581 million for the quarter that ended June 30, 2011, a jump of 24 percent from $470 million in the same period of 2010.

The company also is increasing its expectation for full-year 2011 revenue growth to 18 to 20 percent. It calls for earnings per share in 2011 to the $1.91 to $1.99 range.

Before the market opening Thursday, shares of Teradata (NYSE: TDC) were trending up about $2.85 at about $57.20 per share.

Teradata, which says it is the world’s largest company focused on business intelligence through data warehousing, has about 450 Dayton-area employees.

In Other News

The Spot Restaurant has new owners: ‘It’s a pillar of Sidney’

Turner speaks as Fairborn rally urges him to commit to public ‘town...

Turner: We were able to protect all Wright-Patterson probationary jobs

AFMC civilians will thrive in ‘AcqDemo’ pay system, advocates say

VA cancels contracts for most bargaining-unit employees