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Teradata 4th-Quarter Net Income Rises



By AP
12 February 2008 @ 09:59 am EST

MIAMISBURG, Ohio - Database manager Teradata Corp. on Tuesday said fourth-quarter profit rose 27 percent, helped by demand for its enterprise data warehousing and analytics services, as well as the benefit of a weaker dollar.

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Quarterly profit rose to $79 million, or 43 cents per share, from $62 million, or 34 cents per share in the prior-year period. Results include costs related to the company's spinoff from NCR Corp. in the third quarter and a tax benefit. Excluding one-time items, net income was 40 cents per share.

Analysts polled by Thomson Financial predicted a profit of 39 cents per share.

Revenue rose 3 percent to $466 million from $453 million last year. The weaker dollar helped results by 3 percentage points.

Americas revenue fell 3 percent to $262 million, while Europe, Middle east and Africa sales rose 5 percent to $122 million. Asia Pacific and Japan revenue of $91 million was up 21 percent.

For the year, net income rose 4 percent to $200 million, or $1.10 per share, from $192 million, or $1.06 per share, in the prior-year quarter.

Revenue rose 10 percent to $1.7 billion from $1.55 billion last year.

Teradata shares fell $1.30, or 5.8 percent, to $21.30 in morning trading.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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