UPDATE 1-Teradata Q3 profit beats Street; ups FY view
* Q3 EPS $0.46 vs est $0.39
* Q3 rev up 15 pct
* Raises FY10 adj EPS to $1.80-$1.83 vs est $1.70
* Sees full-yr rev growth of 12 pct
* Shares up 4 pct pre-mkt Nov 4 (Reuters) - Teradata Corp's (TDC.N) third-quarter results blew past estimates on the back of a 27 percent jump in revenue from its software and hardware products unit, and the data warehousing and enterprise analytics firm raised its full-year outlook.
Teradata, whose customers include Dell Inc DELL.O, Amazon.com Inc (AMZN.O) and DirecTV Group (DTV.O), raised its full-year revenue growth view to 12 percent from its prior forecast of 8-10 percent.
The company forecast 2010 adjusted earnings of $1.80-$1.83 a share, up from its earlier view of $1.69-$1.79 a share.
Analysts had predicted 2010 earnings of $1.70 a share, excluding items, on revenue of $1.88 billion, according to Thomson Reuters I/B/E/S.
For the July-September quarter, Teradata reported net income of $75 million, or 44 cents a share, compared with $63 million, or 36 cents a share, a year ago. Excluding items, the company earned 46 cents a share.
Total revenue rose 15 percent to $489 million. Revenue at its software and hardware products unit rose to $243 million from $191 million a year ago.
Analysts were expecting a profit of 39 cents a share, on revenue of $464.2 million.
In September, IBM (IBM.N) agreed to buy Netezza Corp NZ.N for $1.7 billion, raising speculation that other data analytics companies such as Teradata Corp could be targeted next. [ID:nN20239103]
Shares of Teradata, valued at around $6.8 billion, were trading up $1.80 to $42.03 on Thursday before the bell. The stock closed at $40.23 on Wednesday on Nasdaq. (Reporting by Supantha Mukherjee in Bangalore; Editing by Roshni Menon)
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