Teradata Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015; Updates Earnings Guidance for the Fourth Quarter of 2015 and Provides Earnings Guidance for the Full Year of 2015
Nov 5 15
Teradata Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended Sept. 30, 2015. For the quarter, the company reported revenue of $606 million versus $667 million reported in the third quarter of 2014. Teradata reported GAAP net income of $78 million in the third quarter, or $0.55 per diluted share, which compared to net income of $94 million, or $0.60 per diluted share, in the third quarter of 2014. Non-GAAP net income in the third quarter was 2015 was also $78 million, or $0.55 per diluted share, versus $111 million, or $0.71 per diluted share, in the third quarter of 2014. Teradata reported $77 million of GAAP operating income in the third quarter of 2015, which compared to $123 million of operating income in the third quarter of 2014. On a non-GAAP basis, operating income was $107 million versus $150 million in the prior-year period. The year-over-year decline in non-GAAP operating income was primarily due to lower revenue. Income before income taxes was $110 million against $123 million reported last year. During the third quarter of 2015, Teradata generated $68 million of cash from operating activities compared to $102 million in the prior-year period. Total capital expenditures were $35 million against $36 million reported last year. Free cash flow was $33 million versus the $66 million generated in third quarter 2014.
For the nine months, the company reported net loss of $165 million or $1.16 per diluted share on total revenue of $1,811 million compared to net income of $249 million or $1.57 per basic and diluted share on total revenue of $1,971 million reported in the same period last year. Loss from operations was $155 million against income from operations of $345 million reported last year. Loss before income taxes was $109 million against income before income taxes of $337 million reported last year. Total capital expenditures were $94 million against $94 million reported last year. Cash provided by operating activities was $370 million against $583 million reported last year. Non-GAAP operating income was $275 million against $434 million reported last year. Non-GAAP net income was $198 million or $1.37 per diluted share against $312 million or $1.96 per diluted share reported last year. Free cash flow was $276 million versus $489 million generated during the same period in 2014.
As a result of the third quarter results and an updated outlook for the fourth quarter, Teradata is lowering its full-year revenue guidance to approximately 6 - 8% revenue decline year over year on a reported basis, and approximately flat to down 2% on a constant currency basis. Teradata expects approximately 4 percentage points of currency headwind in the fourth quarter.
For the full year 2015, GAAP loss per share is now expected to be approximately $0.51 to $0.71. Non-GAAP earnings per share (which excludes stock-based compensation expense, goodwill impairment and other special items) for the full-year is now expected to be approximately $2.00 - $2.20. The company currently forecasting full year non-GAAP effective tax rate to be approximately 27%, which assumes that the U.S. R&D tax credit will be reinstated retroactively for 2015 before December 31, 2015. The company expects free cash flow to be up to $50 million higher than GAAP net income, excluding the impact from impairment and gains on equity investments. Revenue to be flat to down 2% on a constant-currency basis or down 6% to 8% as reported.
Teradata Unveils New Version of Teradata Integrated Marketing Cloud
Oct 30 15
Teradata Marketing Applications has announced the availability of the new version of Teradata Integrated Marketing Cloud. Teradata's latest release empowers marketers to truly individualize their marketing and connect one-to-one with customers by unifying customer-interaction data across paid, earned and owned channels, at scale. Now, from campaign inception through every customer interaction and response, Teradata provides marketers the most agile and comprehensive integrated data-driven marketing platform available on the market. Marketers have access to more customer data and more digital and offline channels for brand engagement than ever before. As a result, both the process and technology of modern marketing have advanced from an advertising-driven mix of TV, print, radio, direct mail, and programmatic marketing o to today's data-driven environment with the Internet of Things (IoT), new devices, and new channels including search, social media, email, mobile, web and more. This added complexity puts marketers in critical need of a Data Management Platform (DMP) to collect and integrate all of this data for use across all channel opportunities. Teradata Integrated Marketing Cloud is a fully integrated platform comprising solutions for Marketing Resource Management, Omni-Channel Marketing, Marketing Analytics and Digital Marketing. Unlike any other offering, Teradata's platform unifies interactions across outbound, real-time, and audience marketing, and unifies data across anonymous and known customers all on a single modular platform. Teradata's solution will also connect to proprietary data stored in an Integrated Data Warehouse (IDW), directly integrate to email and mobile response data through Teradata Digital Marketing Center (DMC), and offer native integration with other Teradata solutions. For marketers, all of this new capability means they now have proven solutions for: aligning advertising with customer marketing; driving agility in the marketing process; making upgrades a thing of the past; visualizing real-time interactions; leveraging smart content decisioning; hyper-personalizing mobile and social interactions; extending a marketer's social reach; using both data-driven and analytics-driven customer insights; and engaging with these solutions via new "marketer-friendly" user interfaces. Teradata's Marketing Resource Management solution helps marketers show the business value of their efforts by connecting campaign results with internal operations and spend. With Teradata's new release, marketers get: one global view on a scalable, fully integrated and flexible marketing platform that lets marketers plan and control marketing activities; Task Inbox for a more efficient review and approval process, easing adoption and improving the overall user experience; and Marketing Calendar improvements. Teradata's Omni-Channel Marketing solution helps marketers create customer-interaction strategies by leveraging integrated insights and improving all online and offline engagements. With Teradata's latest release, marketers benefit from: Visual Planner foreasier mapping of real-time interaction strategies; Smart Content Decisioning, a self-learning engine to drive relevant content within emails, and help marketers achieve higher click-through and conversion rates. Teradata's Omni-Channel Marketing solution helps marketers to create more social and mobile capabilities, as well as barcodes/coupons, automated A/B testing, improved digital content previews, expanded mobile response data, and an enhanced ability to personalize transactional emails. Insights Count Report lets marketers "see" the impact their segmentation criteria has on leads produced, and adjust in real-time to reach the optimum number of consumers to engage them at the right time, via the right channel, with the right offers. With Teradata's new release, marketers now have access to integrated data as well as integrated analytics. By drilling into campaign results, marketers can quickly understand, plan and adjust campaigns to optimize spend and maximize return on marketing investment, all while building stronger customer relationships. New Marketing Analytics features in Teradata Integrated Marketing Cloud include: Data Management Platform and Unified Interaction Management. Data Management Platform (DMP) permits marketers to collect online and offline data across all channels-paid, earned and owned-into a single solution that tracks the entire customer journey. With this, marketers and their agencies can now merge the worlds of known and anonymous customers and prospects, and drive both advertising and customer marketing using a single cloud-based SaaS solution. Unified Interaction Management, meaning Teradata Integrated Marketing Cloud now includes ad impression data from search and display advertising; web behavioral data (such as content viewed and conversion tracking), and digital marketing data from email, social, and mobile channels. All of this data can be used to individualize the customer experience across every channel paid, earned, and owned via outbound, real-time and audience marketing programs. Teradata's Digital Marketing solution incorporates email, mobile, social, web, app and micro-location marketing, advertising, segmentation and analytics. It helps marketers engage with individuals across paid, earned and owned channels through an open, integrated platform to identify each individual and deliver the right message at the best time through the preferred channel. New features include: social audiences; advanced behavioral targeting; micro-location marketing; Instagram integration; and expanded mobile push. Social Audiences allows marketers to create specific audiences based on existing contacts within DMC to enhance targeting and improve ad performance across social networks. Advanced Behavioral Targeting seamlessly enriches DMC with customer web behavioral information, enabling additional and richer segmentation possibilities. Micro-Location Marketing bridges online and offline worlds via iBeacon support technology and drives cross-channel experiences in real-time with responsive relevance for each indivi dual customer.