UPDATE 2-Teradata 2nd-qtr profit beats Street; shares up

jueves 6 de agosto de 2009 17:22 CEST
 

* Q2 EPS of 36 cents beat estimates by 11 cents

* Sees 2009 EPS above Street view

* Shares up 8 pct (Recasts; adds conference call details, analyst comments, updates share movement)

By Shrutika Verma

BANGALORE, Aug 6 (Reuters) - Teradata Corp (TDC.N: Cotización) posted a better-than-expected quarterly profit helped by improved margins, and guided earnings for the year above Wall Street view, sending its shares to a year-high.

The maker of computers that companies use to analyze business trends said gross margins in the second quarter were 55.3 percent, up from 54.7 percent a year ago.

Teradata said its margins benefited from higher utilization rates at its professional services segment, which accounts for about 30 percent of its overall revenue.

Sales at lower margin products segment dropped 16 percent to $185 million during the quarter.

For 2009, the Miamisburg, Ohio-based company forecast per-share earnings of $1.22 to $1.28 a share. Analysts are expecting the company to earn $1.19 a share, excluding items, according to Reuters Estimates.   Continuación...