Anticipates revenue to increase approximately 7 to 9% in 2010
Data warehousing and enterprise analytics firm Teradata reported revenue of $496m for the fourth quarter of 2009, an increase of 1%, compared to $493m for the same period last year. Revenue comparison included four percentage points gain from currency fluctuations.
Gross margin for the quarter increased to 56% from 54.6% for the same period last year. Operating income for the quarter was $106m, an increase compared to $102m for the third quarter of 2008.
For the fourth quarter ended December 31, 2009, the company posted a net income of $84m, or $0.48 per diluted share for the third quarter of 2009, an increase compared to net income of $79m, or $0.45 per diluted share for the same period last year.
Products revenue for the quarter decreased 7% to $239m from $250m, while consulting services revenue increased 4% to $140m and maintenance services revenue increased 7% to $117m.
Geographically, revenue in America totalled $300m, up 5% from $285m for the same period last year. Revenue from Europe, Middle East and Africa was down by 7% to $106m from $114m, while Asia Pacific-Japan revenue decreased by 4% to $90m from $94m a year ago.
For the full year 2009, the company posted revenue of $1.71bn, an increase of 3%, compared to $1.76bn in 2008. Operating income increased to $338m from $333m in 2008. Net income for the year increased to $254m or $1.46 per share, from $250m or $1.39 per share in 2008.
Mike Koehler, president and CEO of Teradata, said: Looking forward, we will continue to increase investments to extend our technology lead, expand our market coverage, and strengthen our partnerships. We remain passionate about helping customers achieve the intelligence and agility needed to drive value of their companies and gain competitive advantage.”
The company anticipates revenue to increase approximately 7 to 9% in 2010, including one to two percentage points of gain from currency translation. Earnings per share in 2010, is expected to be in the range of $1.54 to $1.64.