Back to top
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Image: Bigstock
Teradata Corp's (TDC) Q2 Earnings Beat Estimates
Founded in 1979 and headquartered in Dayton, Ohio, Teradata Corporation (TDC - Free Report) is a leading provider of Enterprise Data Warehousing (EDW) solutions, including enterprise analytic technologies and services worldwide. The EDW offering is built on Massively Parallel Processing (MPP) architecture. The company was spun off from NCR Corporation in Aug 2007 and now operates as a standalone entity.
Teradata provides analytic data solutions, which include integrated data warehousing, big data analytics and business applications. The company’s data warehousing solutions comprise software, hardware, and related business consulting and support services.
Zacks Rank: Currently, Teradata has a Zacks Rank#4 (Sell) but that could change following its second quarter 2016 earnings report which has just released.
We have highlighted some of the key details from the just-released announcement below:
Earnings:Teradata reported adjusted earnings (including stock-based compensation expense but excluding other items) of 65 cents per share, above the Zacks Consensus Estimate of 51 cents and year-ago quarter earnings of 47 cents. The company reiterated its earnings and revenue guidance for 2016.
Revenue:Revenues of $599 million came ahead of the Zacks Consensus Estimate of $560.4 million but declined 4% year over year.
Key Stats:The company reported non-GAAP operating income of $131 million, up from $107 million reported in the prior-year quarter.
Check back later for our full write up on this TDC earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>