Boston, MA 02/07/2014 (wallstreetpr) – Teradata Corporation (NYSE:TDC), the US based data solutions provider reported 2013 Fourth Quarter and Full-Year Results on Feb 6, 2014. The announcement of the results saw an initial forward movement for this technology stock. However, it soon reported a downward slide in stock prices based on the conservative guidance for 2014, by the solution provider.
Pares gain and drop in guidance sees drop
For Teradata Corporation (NYSE:TDC) the fourth quarter results and the guidance are the happening events driving the stock prices. This time around the pre-market gains which were won on the basis of the solid fourth quarter performance was lost by the middle of the day, with news of the below-than-expected guidance for 2014 EPS. The slide is apparently gaining momentum, with the current pause on 0.17% lower.
Teradata Corporation (NYSE:TDC) broke the estimated expectations by over $0.03, besides the revenues front as well. The EPS for fourth quarter was $0.88, which better estimates by $0.03. The revenue reported was $769 Million up by 3.9% over the previous year and beat estimates as well by as much as $25.4 million.
2014 Guidance
Teradata Corporation (NYSE:TDC) provided guidance 2014 EPS between $2.85 and $3. This is much lower than analyst consensus which marked EPS at $3.04. Revenue growth expectation was reported between the range of 3% and 7%, which was in-line with the average consensus of 4.8% announced.
Q4 Performance
Teradata Corporation (NYSE:TDC) noted increase by 3% on a year to year comparison on the product revenue front. The company also reported the services revenue increase b over 5% valued at $397 million. Interestingly, sales figures for the American continents were reported to be $3% higher valued at $464 million. Meanwhile, International sales were reported to be in the region of $3.5 million which was an increase of over 5% over previous.
Teradata Corporation’s apparent drop in October was due to threat of bigger technologies offered by Hadoop over traditional warehousing solutions.
