TERADATA CORP (TDC, Financial) filed Quarterly Report for the period ended 2009-03-31.
Teradata Corporation is the world's largest company focused on raising intelligence through data warehousing and enterprise analytics. Teradata is located in more than forty countries. Teradata is a trademark or registered trademark of Teradata Corporation in the United States and other countries.Number of employees in Teradata Corporation is 5300 TERADATA CORP has a market cap of $3.62 billion; its shares were traded at around $20.91 with a P/E ratio of 14.3 and P/S ratio of 2.
investing activities in the first quarter of 2008 primarily consisted of an immaterial acquisition consummated during the period. Teradatas financing activities for the three months ended March 31, 2009 consisted primarily of cash outflows from our share repurchase activities. During the first quarter of 2009, the Company purchased 1.3 million shares of its common stock at an average price per share of $15.27 under share repurchase programs authorized by our Board of Directors in 2008. The first program (the dilution offset program) authorizes the Company to purchase Teradata common stock to the extent of cash received from the exercise of stock options and the Teradata Employee Stock Purchase Plan. The second program (the general share repurchase program) authorizes the Company to repurchase an additional $250 million of the Companys outstanding shares of common stock. As of March 31, 2009, the Company had $65 million of authorization remaining under its $250 million general share repurchase program to repurchase outstanding shares of Teradata common stock. On May 4, 2009, subsequent to the close of the Companys fiscal 2009 first quarter, the Companys Board of Directors authorized an additional $300 million increase to the Companys existing open market share repurchase program and extended the program for a two-year period ending in February 2012. Our share repurchase activity depends on factors such as our working capital needs, our cash requirements for capital investments, our stock price, and economic and market conditions. Proceeds from the Employee Stock Purchase Plan and the exercise of stock options were $3 million for the three months ended March 31, 2009. These proceeds are included in Other financing activities, net in the Condensed Consolidated Statement of Cash Flows (Unaudited).
During the first quarter of 2009, the Company purchased approximately 1.3 million shares of it common stock at an average price per share of $15.27 under the two share repurchase programs authorized by our Board of Directors in 2008. The first program (the dilution offset program) authorizes the Company to purchase Teradata common stock to the extent of cash received from the exercise of stock options and the Teradata Employee Stock Purchase Plan. The second program (the general share repurchase program) authorizes the Company to repurchase an additional $250 million of the Companys outstanding shares of common stock. As of March 31, 2009, the Company had $65 million of authorization remaining on the initial general share repurchase program to repurchase outstanding shares of Teradata common stock. On May 4, 2009, subsequent to the close of the Companys fiscal 2009 first quarter, the Companys Board of Directors authorized an additional $300 million increase to the Companys existing general share repurchase program.
Read the The complete ReportTDC is in the portfolios of Daniel Loeb of Third Point, LLC, David Einhorn of Greenlight Capital Inc, Steve Mandel of Lone Pine Capital, Robert Olstein of Olstein Financial Alert Fund, Richard Aster Jr of Meridian Fund, Richard Aster Jr of Meridian Fund, John Keeley of Keeley Fund Management, George Soros of Soros Fund Management LLC, HOTCHKIS & WILEY of HOTCHKIS & WILEY Capital Management LLC, Kenneth Fisher of Fisher Asset Management, LLC, Kenneth Fisher of Fisher Asset Management, LLC, Dodge & Cox.
Teradata Corporation is the world's largest company focused on raising intelligence through data warehousing and enterprise analytics. Teradata is located in more than forty countries. Teradata is a trademark or registered trademark of Teradata Corporation in the United States and other countries.Number of employees in Teradata Corporation is 5300 TERADATA CORP has a market cap of $3.62 billion; its shares were traded at around $20.91 with a P/E ratio of 14.3 and P/S ratio of 2.
Highlight of Business Operations:
Total operating expenses, characterized as selling, general and administrative (SG&A) and research and development (R&D) expenses, were $140 million in the first quarter of 2009 compared to $141 million in the first quarter of 2008. The $6 million decrease in SG&A expenses benefited from lower travel expenses, certain reductions in corporate expenses and the benefit of foreign currency translation, which more than offset the cost of the new sales territory expansions. R&D expenses increased by $5 million in the first quarter of 2009, compared to the first quarter of 2008, resulting from $5 million less in capitalization of software development cost.investing activities in the first quarter of 2008 primarily consisted of an immaterial acquisition consummated during the period. Teradatas financing activities for the three months ended March 31, 2009 consisted primarily of cash outflows from our share repurchase activities. During the first quarter of 2009, the Company purchased 1.3 million shares of its common stock at an average price per share of $15.27 under share repurchase programs authorized by our Board of Directors in 2008. The first program (the dilution offset program) authorizes the Company to purchase Teradata common stock to the extent of cash received from the exercise of stock options and the Teradata Employee Stock Purchase Plan. The second program (the general share repurchase program) authorizes the Company to repurchase an additional $250 million of the Companys outstanding shares of common stock. As of March 31, 2009, the Company had $65 million of authorization remaining under its $250 million general share repurchase program to repurchase outstanding shares of Teradata common stock. On May 4, 2009, subsequent to the close of the Companys fiscal 2009 first quarter, the Companys Board of Directors authorized an additional $300 million increase to the Companys existing open market share repurchase program and extended the program for a two-year period ending in February 2012. Our share repurchase activity depends on factors such as our working capital needs, our cash requirements for capital investments, our stock price, and economic and market conditions. Proceeds from the Employee Stock Purchase Plan and the exercise of stock options were $3 million for the three months ended March 31, 2009. These proceeds are included in Other financing activities, net in the Condensed Consolidated Statement of Cash Flows (Unaudited).
During the first quarter of 2009, the Company purchased approximately 1.3 million shares of it common stock at an average price per share of $15.27 under the two share repurchase programs authorized by our Board of Directors in 2008. The first program (the dilution offset program) authorizes the Company to purchase Teradata common stock to the extent of cash received from the exercise of stock options and the Teradata Employee Stock Purchase Plan. The second program (the general share repurchase program) authorizes the Company to repurchase an additional $250 million of the Companys outstanding shares of common stock. As of March 31, 2009, the Company had $65 million of authorization remaining on the initial general share repurchase program to repurchase outstanding shares of Teradata common stock. On May 4, 2009, subsequent to the close of the Companys fiscal 2009 first quarter, the Companys Board of Directors authorized an additional $300 million increase to the Companys existing general share repurchase program.
Read the The complete ReportTDC is in the portfolios of Daniel Loeb of Third Point, LLC, David Einhorn of Greenlight Capital Inc, Steve Mandel of Lone Pine Capital, Robert Olstein of Olstein Financial Alert Fund, Richard Aster Jr of Meridian Fund, Richard Aster Jr of Meridian Fund, John Keeley of Keeley Fund Management, George Soros of Soros Fund Management LLC, HOTCHKIS & WILEY of HOTCHKIS & WILEY Capital Management LLC, Kenneth Fisher of Fisher Asset Management, LLC, Kenneth Fisher of Fisher Asset Management, LLC, Dodge & Cox.
