Original URL: http://www.theregister.co.uk/2008/08/07/teradata_surviving_q2/
Teradata keeps warehousing money
Shrugs off economy and rivals
Posted in Financial News, 7th August 2008 18:48 GMT
Teradata appears to be surviving a global economic slowdown that's affecting some of its largest customers.
The data warehouse maker this week reported second quarter revenue of $455m - a 6 per cent rise over the same period last year. (Although, that increase does include five percentage points worth of benefit from currency translation.) And Teradata's net income came in at $69m, which marks a healthy gain from $49m in 2007's second quarter. Gross margin for the period was 54.7 per cent versus 53.5 per cent.
Teradata has been under a tremendous amount of pressure since departing the cozy confines of former parent NCR last year (http://www.theregister.co.uk/2007/10/08/teradata_post_ipo/). For one, the big boys, including IBM, Oracle, HP and Microsoft (which just bought DatAllegro), want to eat away at Teradata's lucrative data warehouse business, and a ton of start-ups would like to do the same. Secondly, those big retailers, financial services types and mega corporations that make up Teradata's customer base have been hit by a sluggish economy, which should crimp interest in huge data warehouse systems.
But it would seem that enough people need top-of-the-line data crunching boxes to keep Teradata going well even during tight times.
Shares of Teradata bumped up close to 7 per cent during Thursday's trading to $24.49. ®