Teradata Corp. (TDC) Misses Q3 EPS by 8c; CEO Steps Down, Co. Guides Lower

Teradata Corp. (NYSE: TDC) reported Q3 EPS of $0.32, $0.08 worse than the analyst estimate of $0.40. Revenue for the quarter came in at $459 million versus the consensus estimate of $485.55 million.

Teradata also announced that Victor Lund, the Executive Chairman of the Teradata Board of Directors, has been appointed Interim President and Chief Executive Officer, effective immediately. Upon mutual agreement between the Teradata board and Oliver Ratzesberger, as of November 5, 2019, Mr. Ratzesberger is no longer serving as President and Chief Executive Officer and he has resigned from Teradata’s board. Mr. Lund will continue in his role as Executive Chairman.

“We are pleased that Teradata had a strong quarter with customers moving to subscription at a record rate, demonstrating our strategy in action,” said Vic Lund, Interim CEO, Teradata. “We’ve made significant progress as we invested in an even stronger future for Teradata—delivering outstanding technology innovation, including moving forward in the cloud, strengthening our go-to-market capabilities, and expanding our market reach. We are focused on accelerating our execution, and are well positioned as we end this year and look to a great 2020.”

GUIDANCE:

Teradata Corp. sees Q4 2019 EPS of $0.13-$0.18, versus the consensus of $0.58. Teradata Corp. sees Q4 2019 revenue of $348-350 million, versus the consensus of $546.11 million.

Teradata Corp. sees FY2019 EPS of $0.95-$1.00, versus the consensus of $1.49.

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

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