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Teradata Announces 2009 First Quarter Results

Thursday, May 07, 2009

Teradata Corporation, the world’s largest company solely focused on data warehousing and enterprise analytics, today reported revenue of $367 million for the quarter ended March 31, 2009, a decrease of 2 percent from $375 million in the first quarter of 2008. Revenue increased 5 percent from the first quarter of 2008, when adjusting for 7 percentage points of negative impact from currency fluctuation.(1) Gross margin in the first quarter was 54.5 percent versus 51.7 percent in the first quarter of 2008. Gross margin in the first quarter increased 280 basis points, with both product and services gross margins improving from the prior year period. Selling, general and administrative expenses were down $6 million, or 5 percent, from the first quarter of 2008, while research and development expenses increased $5 million, or 20 percent, from the prior year period.

Article sourced from www.teradata.com, click here to read full story.

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