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For Release on February 7, 2013
Teradata Reports 2012 Fourth Quarter and Full-Year Results
Revenue increased 10 percent in the fourth quarter, 11 percent in constant currency(1)
For the full-year, revenue increased 13 percent, 15 percent in constant currency(1)
Non-GAAP operating margin increased 100 basis points in the fourth quarter, 200 basis points for the year(2)
|||GAAP EPS of $0.66 in the quarter, $2.44 for the full-year period|
Non-GAAP EPS of $0.79 in the quarter, up 20 percent from the fourth quarter of 2011(2)
Full-year Non-GAAP EPS was $2.85, an increase of 23 percent from full-year 2011(2)
ATLANTA Teradata Corporation (NYSE: TDC) today reported revenue of $740 million for the quarter ended December 31, 2012, an increase of 10 percent from $673 million in the fourth quarter of 2011. Revenue in the fourth quarter increased 11 percent when compared in constant currency.(1) For the full-year 2012, revenue was $2.665 billion, a 13 percent increase from $2.362 billion in 2011. In constant currency, revenue increased 15 percent for the full-year comparison.(1)
Gross margin was 55.4 percent, as reported under U.S. Generally Accepted Accounting Principles (GAAP), versus 55.6 percent in the fourth quarter of 2011. On a non-GAAP basis, excluding stock-based compensation expense and the other special items described in footnote #2, gross margin was 56.4 percent, also about the same as the 56.5 percent gross margin in the fourth quarter of 2011.(2) Gross margin for full year 2012 was 55.9 percent, versus 54.7 percent in 2011. On a non-GAAP basis, excluding special items described in footnote #2, 2012 full-year non-GAAP gross margin was 56.9 percent, a 100 basis point improvement from 55.9 percent for the full-year 2011.(2) The increase in non-GAAP gross margin for the full year resulted from improved product margins and a greater portion of product revenue.
Stock-based compensation expense and other special items reduced Teradatas fourth quarter net income by $23 million (or 13 cents of EPS) and 2012 full-year net income by $70 million (or 41 cents of EPS) as reported under GAAP.(2)
Teradata reported fourth quarter GAAP net income of $112 million, or $0.66 per diluted share, which compared to GAAP net income of $98 million, or $0.57 per diluted share, in the fourth quarter of 2011. For the full year 2012, Teradata reported GAAP net income of $419 million, or
The following information was filed by Teradata Corp (TDC) on Thursday, February 7, 2013 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.
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