"Data warehousing software provider Teradata has reported a 10% decline in net income to $62m for the second quarter 2009, compared to net income of $69m in the year-ago quarter, on revenue down 7% at $421m.
Operating income fell 9% to $84m, while diluted EPS fell 5% to $0.36. The company had cash from operating activities of $103m, and during the quarter repurchased approximately 1.4 million shares for $30m.
Product revenue declined 16% to $185m, while professional and installation-related services revenue grew 1% to $127m, and maintenance services grew 1% to $109m. Geographically, Americas revenue fell 3% to $229m, EMEA revenue fell 8% to $118m, and Asia Pacific and Japan revenue fell 19% to $74m.
For the first half it reported a 4% decline in net income to $107m compared to $111m a year ago, on revenue down 5% at $788m. "
Although Teradata has very excellent product and has been proved by many industries that it is up-to-now the best data warehouse platform on large-scale demands, people are now considering those more interesting offers from IBM, Microsoft, Oracles, etc. I think this financial crisis will also teach CIOs to learn how money can be saved with just considering another tool.
Well, shall we expect a "lite" edition of Teradata at a later time point?
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