Ter­a­data an­nounces Q1 2012 re­sults

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Ter­a­data Cor­po­ra­tion re­ported rev­enue of US $613 mil­lion for the quar­ter ended March 31, 2012, an in­crease of 21 per­cent from US $506 mil­lion in the first quar­ter of 2011. The first-quar­ter rev­enue com­par­i­son was neg­a­tively im­pacted by 1 point of cur­rency trans­la­tion.

Gross mar­gin of 55.1 per­cent was up from 54.3 per­cent re­ported in the first quar­ter of 2011. On a nonGAAP ba­sis, ex­clud­ing the spe­cial items and stock-based com­pen­sa­tion ex­pense, gross mar­gin was 55.9 per­cent, an im­prove­ment from 55.7 per­cent in the first quar­ter of 2011. The in­crease in non-GAAP gross mar­gin was driven by lever­age from in­creased prod­uct rev­enue and a favourable deal mix.

Stock-based com­pen­sa­tion ex­pense and a num­ber of spe­cial items (pri­mar­ily ac­qui­si­tion-re­lated) had a net im­pact of US $12 mil­lion on Ter­a­data’s first quar­ter 2012 net in­come as re­ported un­der U.S. Gen­er­ally Ac­cepted Ac­count­ing Prin­ci­ples (GAAP).

Ter­a­data re­ported GAAP net in­come of US $91 mil­lion, or US $0.53 per di­luted share, which com­pared to GAAP net in­come of US $65 mil­lion, or US $0.38 di­luted share, in the first quar­ter of 2011. Ex­clud­ing stock com­pen­sa­tion ex­pense and spe­cial items, nonGAAP net in­come in the first quar­ter of 2012 was US $103 mil­lion or US $0.60 per di­luted share, ver­sus US $82 mil­lion, or US $0.48 per di­luted share in first quar­ter of 2011.

“Ter­a­data de­liv­ered our high­est or­ganic, con­stant-cur­rency rev­enue growth quar­ter ever in the first quar­ter, fu­eled by record prod­uct rev­enue growth of 31 per­cent,” said Mike Koehler, Pres­i­dent and CEO of Ter­a­data. “We have the widest and deep­est port­fo­lio in the mar­ket to ad­dress the an­a­lytic data needs of any or­ga­ni­za­tion. Ter­a­data is well po­si­tioned in three large grow­ing mar­kets – date ware­hous­ing, big data an­a­lyt­ics and in­te­grated mar­ket­ing man­age­ment.

“Look­ing for­ward, data and an­a­lyt­ics are in­creas­ingly a pri­or­ity for the C-Suite, and driv­ing strong ac­tiv­ity across all regions; and there­fore we are rais­ing our 2012 full-year rev­enue growth guid­ance.”

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