Teradata Corp. (TDC) reported first-quarter GAAP net income of $59 million, or $0.35 per share, down from $91 million, or $0.53 per share, in the prior year quarter.
Excluding stock-based compensation expense and the other special items, non-GAAP net income in the first quarter of 2013 was $73 million, or $0.43 per share, compared to $103 million, or $0.60 per share in the comparable quarter last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.53 per share for the quarter. Analysts' estimates typically exclude special items.
Revenue for the quarter was $587 million, down 4 percent from $613 million in the year-ago period. Revenue in the first quarter decreased 3 percent when compared in constant currency. Twenty one analysts had consensus revenue estimate of $612.09 million for the quarter.
Teradata now expects revenue growth for the full-year 2013 to be at the lower end of its prior revenue growth rate guidance of 6 to 10 percent, when measured in constant currency.
Teradata also now expects earnings per share for the full-year 2013 to be at the lower end of its prior guidance ranges of $2.64-$2.79 on a GAAP basis and $3.05-$3.20 on a non-GAAP basis, excluding stock-based compensation expense and other special items.
Analysts expect the company to report earnings of $3.08 per share on revenues of $2.88 billion for fiscal 2013.
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