Teradata ups Americas revenues 28% in Q3

- Monday, November 21, 2011

Teradata ups Americas revenues 28% in Q3

US data warehousing provider Teradata (NYSE: TDC) posted revenues of US$375mn in the Americas for the third quarter of 2011, a 28% increase year-on-year, according to financial results released by the company.

Globally, Teradata reported revenues of US$602mn during 3Q11, compared with US$489mn in the same quarter last year. Teradata's quarterly net income grew 16% to US$87mn from US$75mn.

Revenues benefited from foreign currency exchange by approximately 4 percentage points, according to the company.

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Teradata is increasing its expectation for full-year 2011 revenue growth to 19-21%, said Mike Koehler, president and CEO of Teradata Corporation. The company anticipates that currency fluctuations will benefit the year-over-year revenue comparison by approximately 3 percentage points, based on currency rates on October 31, 2011.

Use this link to view the full results.