Data warehousing software provider Teradata has reported a 7% increase in net income to $45m for the first quarter 2009, on revenue down 5% at $367m.
Operating income grew 13.2% to $60m, while diluted EPS grew 13% to $0.26. Cash generated from operating activities was $165m compared to $143m in the same period last year.
Product revenue declined 5% to $157m, while professional and installation-related services revenue fell 1% to $106m and maintenance services grew 1% to $104m. Geographically, Americas revenue fell 2% to $205m, EMEA revenue fell 6% to $97m, and Asia Pacific and Japan revenue grew 5% to $65m.
Mike Koehler, president and chief executive at Teradata, said: With constant currency revenue growth, meaningful margin improvement, and increase in operating income in the first quarter, Teradata is off to a good start for 2009. I am pleased with our performance in both generating revenue and managing costs in this difficult economy.
Our number-one priority is to drive more innovation to extend our leadership position in data warehousing. The strength of our business model and our disciplined approach to managing our solid financial position are allowing us to invest in our future and increase shareholder value.
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