Teradata Q1 Profit More Than Halves - Quick Facts

(RTTNews) - Teradata Corp. (TDC) reported that first-quarter net income more than halved to $22 million or $0.15 per share from from $59 million or $0.37 in the in the prior-year quarter.

Excluding stock-based compensation expense and the other special items, adjusted net income for the quarter was $44 million or $0.30 per share, compared to $87 million or $0.54 per share in the year-ago quarter.

On average, 26 analysts polled by Thomson Reuters expected the company to report earnings of $0.42 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter declined 7 percent to $582 million from $628 million in the same quarter last year, while analysts expected revenues of $605.80 million. Revenues were down 2 percent on a constant currency basis.

Looking ahead fiscal 2015, the group now expects adjusted earnings to be at the low end of its initial guidance range of $2.50 to $2.70 per share. It continues to expect revenues to be flat to down 2 percent, and to be up 3 to 5 percent in constant currency.

Street is currently looking for full-year 2015 earnings of $2.57 per share, on annual revenue decline of 1.2 percent to $2.69 billion.