Teradata Corporation Raises FY 2012 Guidance

Teradata Corporation increased guidance for fiscal 2012 and expects revenue growth to 12%-14% from its original guidance of 10%-12%. Teradata anticipates that currency translation will negatively impact the year-over-year revenue comparison by approximately one percentage point, based on currency rates on April 30, 2012; the same impact that was assumed when Teradata provided its initial revenue guidance for fiscal 2012. GAAP earnings per share (EPS) in fiscal 2012 is now expected to be in the $2.24 to $2.34 range. Excluding special items primarily associated with acquisitions (which include the amortization of acquisition-related intangible assets, estimated purchase accounting adjustments, and transaction and integration costs) as well as stock-based compensation expense, non-GAAP EPS for 2012 is now expected to be in the $2.60 to $2.70 range, versus original non-GAAP EPS guidance of $2.56 to $2.66. The Company reported revenue of $2.3 billion in fiscal 2011. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $2.6 billion and EPS of $2.64 for fiscal 2012.