Teradata Corp Q2 Profit Beats Estimates; Maintains Outlook- Quick Facts

(RTTNews) - Teradata Corporation(TDC), a provider of analytic data solutions, Thursday reported a decrease in the second-quarter net income with flat earnings per share. Earnings, however, topped analysts' estimates.   For the tri-monthly period, the company reported net income of $108 million, compared with $112 million last year. On a per share basis, earnings were $0.65, flat with last year's.  

Excluding stock-based compensation expense and special items, earnings were $126 million or $0.76 per share.

On average, twenty five analysts polled by Thomson Reuters expected the company to report profit of $0.71 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the three-month period was $670 million, up from $665 million last year. Analysts expected the company to report revenues of $670.7 million.

Teradata reiterated its earnings outlook for the full-year to be at the low end of its initial guidance of $2.64-$2.79 per share on a GAAP basis and $3.05-$3.20 on a non-GAAP basis. Analysts expect the company to report earnings of $3 per share. The company also still expects revenue growth to be at the low end of its earlier view of 6 to 10 percent in constant currency and 4 to 5 percent on as-reported basis.