Teradata Corp. (TDC) Tops Q1 EPS by 3c, Beats on Revenues; Offers FY18 EPS/Revenue Guide Below Consensus

Teradata Corp. (NYSE: TDC) reported Q1 EPS of $0.19, $0.03 better than the analyst estimate of $0.16. Revenue for the quarter came in at $506 million versus the consensus estimate of $495.93 million.

Guidance

Due to higher than expected bookings mix shift to subscription-based transactions, where revenue is recognized over time rather than up front in the current period, Teradata now expects 2018 full year revenue to be approximately $2.15 billion to $2.18 billion. Also, due to the accelerating shift in mix to subscription, Teradata expects revenue in the second quarter of 2018 to be in the $520 million to $530 million range.

Teradata also now expects full-year 2018 GAAP earnings per share to be $0.58 to $0.64 as a result of the faster than anticipated shift of bookings mix to subscription-based transactions. On a non-GAAP basis, which excludes stock-based compensation expense and special items, earnings per share is expected to be in the $1.40 to $1.46 range(2). GAAP (loss)/earnings per share in the second quarter of 2018 is expected to be in the $(0.02) to $0.00 range. Non-GAAP earnings per share in the second quarter is expected to be in the $0.17 to $0.19 range(2).

GUIDANCE:

Teradata Corp. sees FY2018 EPS of $1.40-$1.46, versus the consensus of $1.53. Teradata Corp. sees FY2018 revenue of $2.15-2.18 billion, versus the consensus of $2.18 billion.

For earnings history and earnings-related data on Teradata Corp. (TDC) click here.

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