Teradata Q2 Results Top Estimates; Maintains 2014 Targets - Quick Facts

(RTTNews) - Teradata Corp.'s (TDC) second-quarter 2014 net income slid to $96 million, or $0.60 per share, from $108 million, or $0.65 per share, in the year-ago period. Excluding stock-based compensation expense and the other special items, non-GAAP net income for the recent quarter totaled $114 million, or $0.72 per share. On average, 23 analysts polled by Thomson Reuters expected the company to report profit per share of $0.65 for the quarter. Analysts' estimates typically exclude special items.

During the quarter, operating income of $133 million decreased from $147 million reported in the previous year.

Total revenue increased by 1% to $676 million from $670 million a year earlier. Analysts expected revenue of $660.71 million for the quarter. Revenue in the second quarter grew 1 percent when compared in constant currency.

Looking forward, the firm still sees 2014 revenue to grow at the lower end of its original 3-7 percent guidance range. Based on currency rates at the end of July 2014, currency translation is not likely to have a meaningful impact on Teradata's annual revenue comparison. Teradata also continues to expect 2014 non-GAAP earnings per share to be at the lower end of the $2.85 - $3.00 range. Analysts expect the company to report 2014 profit per share of $2.85.