Boston, MA 05/27/2014 (wallstreetpr) – Teradata Corporation (NYSE:TDC), analytical data and data warehousing provider, announced expanding its business partnership with online deals provider Groupon Inc (NASDAQ:GRPN). The move signals an aspect of growth in Teradata just as the company promised to pursue growth from different angles that means expansion of contracts with its present customers and attracting new business opportunities as well.
Group already runs about 500 terabyte of data warehousing on Teradata Data Application system.
According to Teradata Corporation (NYSE:TDC) VP David Grant, the new deal with Groupon will see the company support the deals company’s goal of achieving higher customer retention rate, large online purchases and higher visit-conversion rate.
The expanded contract will also see highly personalized experience in Groupon’s platform as the company seeks to achieve faster delivery of intelligence at the right time.
More Business
Teradata Corporation (NYSE:TDC) looks forward to more business from its e-commerce customers given the ongoing explosion in the online deals and retail businesses. The company already serves some of the big names in the e-commerce space and looks forward to expanding its business with these customers.
Some of the big e-commerce businesses in Teradata’s customer list and that it intends to expand business contract include Yahoo! Inc (NASDAQ:YHOO), eBay Inc (NASDAQ:EBAY), GoDaddy.com and Netflix Inc (NASDAQ:NFLX) and others.
According to Teradata, the expansion of business contract with Groupon confirms the company’s leading technology in data warehousing and data analytics. The cutting data technology provider by Teradata also received a thump up recognition from Better Business Bureau (BBB) that named it Dayton’s Torch Award winner, an award that recognized the TDC’s unparalleled support for businesses and communities, which it serves.
Encouraging Performance
Teradata Corporation (NYSE:TDC) concluded 1Q2014 on a positive note, just as have been the previous reporting. The company earned 54 cents per share, beating the consensus EPS estimate of 47 cents. Revenue in the quarter came in at $628 million, ahead of the consensus estimate of $615 million. Both revenue and EPS were up in the latest quarter on a year-over-year basis.
