Europe shines for Teradata
- There's still demand for data warehousing technology
- Europe has proved a particular bright spot for Teradata
- Data warehousing remains the primary focus despite increased competition from the likes of Oracle
Profits and revenues are down globally at data warehousing firm Teradata, but Europe has been cast in the unusual role of a bright spot for the company.
Globally the company reported revenue of $421m for the quarter ending June 30, down from $455m in the second quarter of 2008. Net income dropped slightly, from $69m to $62m. But while the Americas performance slowed, Europe proved to offer more reasons for cheer.
“EMEA had our strongest performance in the quarter with revenue up 6% in constant currency and EMEA was going against a very strong prior year Q2, where revenues grew 33%," says CEO Mike Koehler. “New customer wins included Skandinavisk Data Centre, which supports the information technology needs of more than 140 banks in Scandinavia. This new enterprise data warehouse is won in partnership with SAS and Jaguar Land Rover.
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