Ter­a­data look­ing up

Enterprise - - In Focus -

For the quar­ter ended June 30, 2012, Ter­a­data Cor­po­ra­tion re­ported a rev­enue in­crease of $ 665 mil­lion, as com­pared to the $ 581 mil­lion in the sec­ond quar­ter of 2011. Cur­rency trans­la­tion re­duced the sec­ond quar­ter rev­enue com­par­i­son by 4 per­cent­age points.

There was a con­sid­er­able in­crease in the gross mar­gin, which went up from 54.4 per­cent in the sec­ond quar­ter of 2011 to 57.4 per­cent. On a non- Gen­er­ally Ac­cepted Ac­count­ing Prin­ci­ple ( GAAP) ba­sis, ex­clud­ing spe­cial items and stock- based com­pen­sa­tion ex­pense, gross mar­gin was 58.5 per­cent, a 260 ba­sis point im­prove­ment from 55.9 per­cent in the sec­ond quar­ter of 2011. The in­crease in gross mar­gin was driven by lever­age from rev­enue growth as well as a favourable prod­uct and ser­vices rev­enue mix.

Spe­cial items and stock­based com­pen­sa­tion ex­pense had a $ 20 mil­lion neg­a­tive im­pact on Ter­a­data’s sec­ond quar­ter 2012 net in­come as re­ported un­der U. S GAAP.

As com­pared to the sec­ond quar­ter of 2011, which re­sulted in $ 103 mil­lion or $ 0.60 per di­luted share, Ter­a­data corp. re­ported sec­ond quar­ter GAAP net in­come of $ 112 mil­lion or $ 0.65 per di­luted share. The non- GAAP net in­come in the first quar­ter of 2011 was $ 103 mil­lion or $ 0.60 per di­luted share. Af­ter ex­clud­ing the stock- based com­pen­sa­tion ex­pense and spe­cial items, non- GAAP net in­come in the sec­ond quar­ter of 2012 was $ 132 mil­lion or $ 0.77 per di­luted share.

Mike Koehler, pres­i­dent and chief ex­ec­u­tive of Ter­a­data Cor­po­ra­tion said, “Ter­a­data de­liv­ered an­other strong quar­ter in Q2 with rev­enue growth of 18 per­cent in con­stant cur­rency, and Non- GAAP EPS growth of 28 per­cent. As a re­sult, we are in­creas­ing our guid­ance for con­stant cur­rency rev­enue growth and EPS for 2012”. He added, “Strong ex­e­cu­tion across the com­pany led to 20 per­cent con­stant cur­rency rev­enue growth in the first half of 2012 and record op­er­at­ing mar­gin. Our tech­nol­ogy lead­er­ship and ex­per­tise in data ware­hous­ing, big data an­a­lyt­ics and in­te­grated mar­ket­ing man­age­ment uniquely po­si­tion Ter­a­data to help cus­tomers re­alise the great­est value from their in­for­ma­tion as­sets, while en­abling them to re­duce in­fra­struc­ture costs.” Mike Koehler also added that they were pleased with their bet­terthan- ex­pected quar­ter re­sults.

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