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Teradata Q3 revenues down 3% to $425m

Monday, November 09, 2009

Teradata has reported revenues of $425m for the third quarter of 2009, down 3% compared to $439m for the same period last year. Revenues decreased 2% from the third quarter of 2008, when adjusted for 1% point of negative impact from currency fluctuation.

Income from operations for the quarter was $88m, an increase compared to $86m for the third quarter of 2008. Income from operations as percentage of revenue increased to 20.7% from 19.6%. Gross margin for the quarter decreased to 53.4% from 54% for the same period last year.

The company has posted a net income of $63m, or $0.36 per diluted share for the third quarter of 2009, an increase compared to net income of $60m, or $0.33 per diluted share for the same period last year.

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

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