Teradata (TDC) PT Cut to $32 at Cowen on Q2 Miss

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Go back to Teradata (TDC) PT Cut to $32 at Cowen on Q2 Miss

Teradata Reports 2015 Second Quarter Results

August 6, 2015 7:01 AM EDT

ATLANTA, Aug. 6, 2015 /PRNewswire/ -- Teradata Corp. (NYSE: TDC) reported revenue of $623 million for the quarter ended June 30, 2015, versus $676 million reported in the second quarter of 2014. Revenue in the second quarter decreased 8 percent, and 2 percent when compared in constant currency.(1)

Gross margin in the second quarter was 52.5 percent, as reported under U.S. Generally Accepted Accounting Principles (GAAP), versus 54.9 percent in the second quarter of 2014. On a non-GAAP basis, excluding stock-based compensation expense and the other special items... More