Teradata Reports 2016 Fourth Quarter and Full-Year Results
Fourth quarter revenue of $626 million, $8 million impact from year-over-year currency movement(1)
Customers are adopting Teradata’s new subscription-based purchasing options
Full-year cash from operations was $446 million, versus $401 million in 2015;
full-year free cash flow was $328 million, a $47 million increase from $281 million in 2015(2)
ATLANTA, Georgia - February 9, 2017 -- Teradata Corp. (NYSE: TDC) reported revenue of $626 million for the quarter ended December 31, 2016, versus $719 million in the fourth quarter of 2015. However, revenue in the fourth quarter of 2015 included $39 million of revenue from the Marketing Applications business that Teradata sold on July 1, 2016. Since the time Teradata provided its guidance for the fourth quarter, there was approximately $7 million of negative impact from currency movement on the reported 2016 fourth quarter revenue.(1)
Teradata reported full-year 2016 revenue of $2.322 billion, versus $2.530 billion in 2015. The reported revenue numbers include revenue from the Marketing Applications business of $69 million in 2016 and $153 million in 2015.
Net Income as reported under U.S. Generally Accepted Accounting Principles (GAAP) was $58 million in the fourth quarter, or $0.44 per diluted share, which compared to a net loss of $49 million, or $(0.37) per share, in the fourth quarter of 2015. Excluding stock-based compensation expense, and the special items described in footnote #3, non-GAAP net income in the fourth quarter of 2016 was $89 million, or $0.67 per diluted share. 2015 fourth quarter non-GAAP net income was $101 million, or $0.75 per diluted share, which excluded stock-based compensation expense, special items and the Marketing Applications business.(3)
For the full-year, net income reported under GAAP was $125 million, or $0.95 per diluted share, which compared to a net loss of $214 million, or $(1.53) per share in 2015. Excluding stock-based compensation expense, special items and the Marketing Applications business, 2016 full-year non-GAAP net income was $336 million, or $2.56 per diluted share, compared to $324 million, or $2.28 per diluted share in 2015.(3)
" Entering 2017, the Teradata team continues its steady execution on our strategic initiatives. Our customers tell us that Teradata is becoming more responsive to their wants and needs while helping them gain business value from their analytics,” said Victor Lund, president and CEO, Teradata Corporation. “This indicates we are effectively calibrating our customer engagements-providing more choices, more
The following information was filed by Teradata Corp (TDC) on Thursday, February 9, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.