Teradata (TDC) Q4 Earnings Top, Shares Fall On Flat Revenues
Zacks Investment Research | Feb 11, 2018 10:50PM ET
Shares of Teradata Corporation (NYSE:TDC) plunged almost 6.2% to close at $35 on Feb 9, following dismal fourth-quarter 2017 results. Adjusted earnings of 58 cents per share declined 17.1% year over year. However, the figure beat the Zacks Consensus Estimate of 50 cents.
Total revenues of $626 million beat the Zacks Consensus Estimate of $610 million. However, the figure was flat on a year-over-year basis. Revenues were adversely impacted by the company’s ongoing business transformation.
Products and Cloud revenues decreased 7.3% year over year to $243 million. Services revenues increased 5.2% on a year-over-year basis to $383 million.
Revenues from Americas Data and Analytics decreased 8.1% year over year (8% at constant currency), while that from International Data and Analytics increased 14% (8% at constant currency) from the year-ago quarter.
Moreover, recurring revenues increased 7% on a constant currency (cc) basis. Consulting services also rose 2% at cc. However, perpetual software licenses and hardware revenues declined 17% at cc.
Teradata Corporation Price, Consensus and EPS Surprise
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