Teradata Corp. (NYSE: TDC) reported Q2 EPS of $0.26, $0.07 better than the analyst estimate of $0.19. Revenue for the quarter came in at $544 million versus the consensus estimate of $524.32 million.

"I am very pleased with our better than expected second quarter results, which were delivered even as our business is shifting faster than we had estimated to subscription-based transactions," said Vic Lund, President and CEO of Teradata. "We are helping customers implement new use cases for Teradata every day, which provide valuable business outcomes and increase their desire to consume more of Teradata's software. As a result, we are even more confident that we are on the path to success and well positioned to continue to grow as a leading provider of cloud-based enterprise analytics at scale. Our entire Teradata team is laser focused on our long-term strategy, as we partner with our customers to identify and operationalize the insights that drive their business forward."

GUIDANCE:

Teradata Corp. sees FY2018 EPS of $1.20-$1.24, versus the consensus of $1.40. Teradata Corp. sees FY2018 revenue of $2.13-2.15 million, versus the consensus of $2.17 million.

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