Teradata Corp. (NYSE: TDC) reported Q3 EPS of $0.36, $0.05 better than the analyst estimate of $0.31. Revenue for the quarter came in at $526 million versus the consensus estimate of $535.09 million.

"We are seeing the bookings mix shift to our subscription-based options faster than we estimated 90 days ago; this indicates our new strategy and business approach is resonating with customers," said Vic Lund, President and Chief Executive Officer, Teradata. "At our previously estimated bookings mix for subscription-based options, we would have exceeded our Q3 revenue guidance, however the accelerating adoption of subscriptions is better for customers, Teradata's future and our shareholders. I would like to thank everyone at Teradata for rising above the challenge to successfully execute our strategy."

GUIDANCE:

Teradata Corp. sees FY2018 EPS of $1.22-$1.26, versus the consensus of $1.21. Teradata Corp. sees FY2018 revenue of $2.13-2.15 billion, versus the consensus of $2.14 billion.

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