After its first 2016 quarter loss and CEO change how did business data analysis haus Teradata do in its second 2016 quarter?
Revenues of $599m were down down 3.9 per cent on the year-ago quarter s $623m but 9.9 per cent higher than the first 2016 quarter, good news there.
There was a profit of $64m, better than last quarter s loss of $46m and much, much better than the year-ago quarter's loss of $265m, good news there as well.
Teradata says this is better than expected.
This business was sold on July 1 to an affiliate of Marlin Equity Partners for approximately $90m, with net proceeds of about $75m, which will be used for general corporate purposes.
… We will remain unwavering in our focus on delivering what customers want and need.