Archive for the ‘Q1 08’ tag
Teradata profit falls for Q1 08
Ohio-based Teradata’s first-quarter net income fell to $42 million, or 23 cents per share, compared with net income of $43 million, or 24 cents per share, a year earlier.
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The U.S. company’s shares fell about 5 percent after it released its first-quarter results, then moved to trade 5 percent higher after Chief Executive Mike Koehler said that stronger overseas growth should offset a weaker than expected performance in the United States.
“We are seeing extremely strong activity in all the international geographies,” Koehler said on a conference call with analysts.
“When we take a look at the activity we have at this moment and the activity longer term … we are clearly going to be up from what we originally expected coming into the year,” he said.
More at Reuters.
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