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Exhibit 99.1
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2835 Miami Village Drive Miamisburg, OH 45342 | |
NEWS RELEASE
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For media information: | For investor information: | |
Dian Terry | Gregg Swearingen | |
(937) 242-4781 | (937) 242-4600 | |
dian.terry@teradata.com | gregg.swearingen@teradata.com |
For Release on February 12, 2009
Teradata Announces 2008 Fourth Quarter and Full-Year Results
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6 percent revenue growth in fourth quarter, 4 percent for full-year 2008 |
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Fourth quarter EPS of $0.45 |
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Full-year GAAP EPS of $1.39, non-GAAP EPS of $1.42(1) |
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$440 million of cash from operations generated in 2008, versus $387 million in 2007 |
MIAMISBURG, Ohio Teradata Corporation (NYSE: TDC), the worlds largest company solely focused on data warehousing and enterprise analytics, today reported revenue of, $493 million for the quarter ended December 31, 2008, an increase of 6 percent from $466 million in 2007. The fourth quarter revenue comparison included 3 percentage points of negative impact from currency fluctuations.(2) For the full year 2008, revenue was $1.762 billion, a 4 percent increase from $1.702 billion in 2007. The full-year revenue comparison was aided by 2 percentage points from currency fluctuations.(2)
Gross margin in the fourth quarter was 54.6 percent versus 56.0 percent in the fourth quarter of 2007. Gross margin in the fourth quarter was lower due to an adverse mix of revenue and the negative impact from currency translation. Gross margin for full year 2008 was 53.9 percent, slightly better than 53.8 percent in 2007.
Teradata reported fourth-quarter net income under Generally Accepted Accounting Principles (GAAP) of $79 million, or $0.45 per diluted share, which compared to GAAP net income of $79 million, or $0.43 per diluted share, in the fourth quarter of 2007. Included in the 2007 fourth quarter results were $2 million of pre-tax expenses related to Teradatas spin off from NCR Corporation (NYSE: NCR) that occurred on October 1, 2007, and a $6 million one-time tax benefit related to the utilization of certain tax attributes associated with foreign-sourced
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