Raises earnings guidance for FY09
Teradata has reported revenues of $425m for the third quarter of 2009, down 3% compared to $439m for the same period last year. Revenues decreased 2% from the third quarter of 2008, when adjusted for 1% point of negative impact from currency fluctuation.
Income from operations for the quarter was $88m, an increase compared to $86m for the third quarter of 2008. Income from operations as percentage of revenue increased to 20.7% from 19.6%. Gross margin for the quarter decreased to 53.4% from 54% for the same period last year.
The company has posted a net income of $63m, or $0.36 per diluted share for the third quarter of 2009, an increase compared to net income of $60m, or $0.33 per diluted share for the same period last year.
For the quarter ended September 30, 2009, products revenue increased 10% to $191m from $213m, professional services revenues increased 5% to $124m while maintenance services revenues increased 2% to $110m.
Geographically, revenues in America totalled to $247m, a decrease of 2% compared to $253m for the same period last year. Revenues in Europe, Middle East and Africa increased by 3% to $109m from $106m while Asia Pacific/ Japan revenues decreased by 14% to $69m.
Mike Koehler, president and CEO of Teradata, said: Growth in our EMEA region and our professional services business along with good operational execution were key elements driving our results in the quarter. As a result, we are increasing our earnings guidance for full year 2009 to $1.32 – $1.36 per share, or $1.34 – $1.38 on a non-GAAP basis.
With continued focus on extending our technology and services leadership, we remain committed to providing our customers with the analytics and agility to cut through the complexities of their businesses and help them drive better results.”
The company expects earnings for full-year 2009 to be $1.32 – $1.36 per share, from its previous earnings guidance range of $1.22 – $1.28 per share. On a non-GAAP basis, excluding the impairment charge, the company expects 2009 earnings per share in the range of $1.34 – $1.38.