Computeruser.com
Latest News

Teradata Announces Record 2010 Fourth Quarter and Full-Year Results

ATLANTA Feb. 10, 2011

  • Fourth-quarter revenue grew 10 percent, up 10 percent in constant currency (1)
  • 2010 full-year revenue grew 13 percent, up 12 percent in constant currency (1)
  • $0.50 $ 0.53
  • $1.77 $1.46
  • $1.86 $1.56
  • $148 million $91 million

$548 million December 31, 2010 $496 million $1.936 billion $1.709 billion

http://photos.prnewswire.com/prnh/20090909/TERADATALOGO

Gross margin in the fourth quarter of 55.7 percent was down slightly from the 56.0 percent reported in the fourth quarter of 2009.  The gross margin decline from the strong prior- year period resulted from the Americas and Asia Pacific Japan regions seeing a less favorable deal mix as compared to the prior-year period.  Gross margin for full year 2010 was 56.2 percent, a meaningful increase from 54.9 percent in 2009.  The increase in gross margin for the full year was driven primarily by improvements in product gross margin.

$85 million $0.50 $84 million $0.48 $301 million $1.77 $254 million $1.46 $0.53 $0.50 $1.86 $1.56

Mike Koehler

"These are exciting times for Teradata and our customers. We are positioned better than ever to help more customers manage and extract value from the accelerating explosion of data and new data types, and help them gain competitive advantage in their respective markets."

Regional Operating Segment Results

Teradata reports its results in three regional operating segments.

Americas

$341 million $300 million $1.166 billion $981 million

Gross margin in the Americas region in the fourth quarter of 2010 was 60.1 percent, down from 60.7 percent achieved in the fourth quarter of 2009.  The gross margin decline from the strong prior-year period resulted from a less favorable deal mix as compared to the fourth quarter of 2009. Gross margin in the Americas region for full year 2010 was 60.2 percent, compared to 58.1 percent in 2009.  The increase was due to improved product margin.  

Europe Middle East Africa

$119 million $106 million $442 million

Gross margin in the EMEA region in the fourth quarter of 2010 was 52.1 percent compared to 51.9 percent reported in the fourth quarter of 2009.  For the full year 2010, gross margin of 52.5 percent was down from 53.5 percent in 2009, due to a less favorable mix of product revenue versus services revenue, as well as a somewhat lower services margin, which was offset in part by higher product margin.

Asia Pacific Japan

$88 million $90 million $328 million

Gross margin in the APJ region in the fourth quarter of 2010 was 43.2 percent, compared to 45.6 percent in the fourth quarter of 2009.  Gross margin declined in the quarter due to lower consulting and product margins, offset in part by higher maintenance margin, as compared to the prior-year period.  Gross margin in the APJ region for full year 2010 increased to 47.0 percent from 46.3 percent in 2009, due to a more favorable mix of product revenue versus services revenue.

Operating Income

$117 million $106 million $415 million $338 million

Other Items

the United States

Cash Flow

$148 million $91 million $21 million $27 million $127 million $64 million

$413 million $455 million $330 million $367 million

For the Periods Ended December 31

(in millions)

Three Months

Twelve Months

2010

2009

2010

2009

Net Income (GAAP)

$85

$84

$301

$254

Cash provided by operating activities  (GAAP)      

$148

$91

$413

$455

  Less capital expenditures for:

     Expenditures for property and equipment

(9)

(11)

(34)

(29)

     Additions to capitalized software

(12)

(16)

(49)

(59)

          Total capital expenditures

(21)

(27)

(83)

(88)

Free Cash Flow  (non-GAAP measure) (3)

$127

$64

$330

$367

Balance Sheet

$883 million $142 million September 30, 2010 $222 million December 31, 2009 $88 million $174 million

December 31, 2010 $300 million January 21, 2011 $300 million $225 million

2011 Outlook

January 31, 2011

$1.80 to $1.90 $2.10 to $2.20

2010 Fourth-Quarter Earnings Conference Call

8:30 a.m. (EST) www.teradata.com/investor

Supplemental financial information regarding Teradata’s operating results is also available on the Investor Relations page of Teradata’s web site.

About Teradata

database software enterprise data warehousing data warehouse appliances consulting, enterprise analytics www.teradata.com

the United States

www.teradata.com/investor

For the Periods Ended December 31

(in millions)

Three Months

Twelve Months

Revenue

2010

2009

% Chg As Rept’d

% Chg CC

2010

2009

% Chg As Rept’d

% Chg CC

Products (software/hardware)

$267

$239

12%

11%

$933

$772

21%

20%

Consulting services

156

140

11%

11%

536

497

8%

6%

Maintenance services

125

117

7%

7%

467

440

6%

5%

      Total services

281

257

9%

9%

1,003

937

7%

6%

Total revenue

$548

$496

10%

10%

$1,936

$1,709

13%

12%

By segment/region

2010

2009

% Chg As Rept’d

% Chg CC

2010

2009

% Chg As Rept’d

% Chg CC

  Americas region

$341

$300

14%

13%

$1,166

$981

19%

18%

  EMEA region

119

106

12%

19%

442

430

3%

6%

  APJ region

88

90

-2%

-9%

328

298

10%

2%

Total revenue

$548

$496

10%

10%

$1,936

$1,709

13%

12%

the United States

The following table reconciles Teradata’s actual and projected earnings per diluted share, or EPS, under GAAP to the company’s actual and projected non-GAAP EPS for the periods presented, which exclude certain items.  Our management regularly uses supplemental non-GAAP financial measures, such as EPS excluding certain items, internally to understand, manage and evaluate our business and make operating decisions.  The company believes such non-GAAP financial measures provide useful information to investors regarding the underlying business trends and performance of the company’s ongoing operations and are useful for period-over-period comparisons of such operations and results.  The company also believes this information is useful for investors because it can provide consistency and comparability with past reports and projections of future results.  

Reconciliation of GAAP to Non-GAAP Measures:

Q4 2010

Q4    2009

FY 2010

FY    2009

2011   Guidance

Diluted Earnings Per Share (GAAP)

$0.50

$0.48

$1.77

$1.46

$1.80 – $1.90

    Excluding:

       Stock-based compensation expense

$0.03

$0.02

$0.09

$0.08

$0.11

       Impairment charge

$0.02

       Estimated purchase accounting adjustment

$0.09

       Amortization of acquisition-related intangible assets

$0.06

       Transaction and integration costs

Leave a comment

seks shop - izolasyon
basic theory test book basic theory test