The oldest "new" company goes public today. Yes, Teradata, a Division of NCR, is no longer. It is now Teradata Corporation, a fully independent company with the NYSE symbol of TDC. Let's look at the stats of this born-again Business Intelligence / Data Warehousing company.
According to their website news, Teradata President and Chief Executive Officer Mike Koehler rang the opening bell at the NYSE this morning. He was accompanied by a bunch of Teradata's senior executives. What a thrill that must have been for them all!
My friend, Kim Dossey (Analyst Relations), sent me an email with the following information about the newly independent Teradata:
1. The spin-off will have 5,500 employees in over 50 countries worldwide
2. It has over 850 customers worldwide. Most are household names like Ace Hardware, ABN AMRO, American Red Cross, Bank of America, Air Canada, Bank of New Zealand, Bed, Bath and Beyond... And that is only a few of the names in the A's and B's section of their customer listing.
3. And speaking of customers, Teradata's customers have been recognized for the innovation and business impact demonstrated by their BI solutions through such award programs as the Data Warehouse Institute (TDWI) Best Practice Awards, DM Review World Class Solution Awards, Peppers & Rogers 1:1 Impact Awards, NCDM Database Marketing Excellence Awards, and so on.
4. Finally, Teradata has a new tag line - "Raising Intelligence".
The company seems to be off to a good start. The stock opened at $26.45 and, as of this blog, it was up $1.17 ( or +4.42%). Teradata guidance said following the spin-off it expects to earn $1.12 to $1.17 a share and to increase its revenue by between 7 and 9 percent in 2007. Its 2006 revenue was $1.56 billion.
Congratulations to Teradata Corporation and its employees. You all must be quite proud of this achievement.
Yours in BI Success,
Posted October 1, 2007 1:25 PM
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