Teradata announces 1Q17 results
US (SPY) technology (QQQ) company Teradata (TDC) reported revenue of $491 million in 1Q17, the quarter ended March 31, 2017. In comparison, revenue in 1Q16 was $545 million. Revenue fell 3.9% YoY (year-over-year) after adjusting for the sale of Teradata’s Marketing Applications business for $34 million in July 2016.
Teradata’s GAAP (generally accepted accounting principles) net loss was $2 million with earnings per share (or EPS) of -$0.02 in 1Q17 compared to net loss of $46 million and EPS of -$0.36 in 1Q16. Non-GAAP net income in 1Q17 was $37 million or $0.28 per share in 1Q17 compared to net income of $62 million and EPS of $0.47 in 1Q16.