Data warehousing software provider Teradata has reported flat net income of $79m for the fourth quarter 2008, on revenue up 6% at $493m.
Operating income during the quarter grew 6% to $102m, while diluted EPS grew 5% to $0.45. Cash generated from operating activities was $118m compared to $98m in the same period last year.
The company said product revenue grew 4% to $250m, while services revenue grew 8% to $243m. Geographically, Americas revenue grew 13% to $285m, EMEA revenue fell 7% to $114m, and Asia Pacific and Japan revenue grew 3% to $94m.
For fiscal 2008, the company reported a 25% increase in net income to $250m compared to net income of $200m a year ago, on revenue up 4% at $1.76 billion.
Mike Koehler, president and chief executive at Teradata, said: Teradata finished the year with a strong fourth quarter and, overall, had a successful and very productive first year as an independent company. In 2008, we extended our technology lead, launched a new innovative family of purpose-built data warehouse appliances and added sales territories to broaden our market coverage. Looking forward, we remain confident in our technology, our competitive position in the market, and the value we provide to customers.
