Data analytics giant Teradata Corp. on Thursday reported a small drop in third-quarter profit.
Teradata reported net income Thursday of $98 million for the third quarter of 2013, down from the $104 million reported from the same quarter in 2012.
On a per-share basis, the profit totaled 60 cents for the most recently completed quarter compared to 62 cents for the third quarter last year, the Miami Twp.-based company said.
For the first nine months of the year, Teradata has seen net income of $265 million, or $1.62 per share, down from $307 million, or $1.82 per share for the first three-quarters of 2012.
Revenue for the quarter was put at $306 million for the most recent quarter and $858 million for the first nine months of 2013. The revenue matches the amount earned in the third quarter of 2012, but is down from the $935 million reported in the first nine months of 2012.
“Our continued investments and innovations in data warehousing, big data analytics and integrated marketing will further extend our market leadership and competitive position,” Mike Koehler, Teradata president and chief executive, said in a statement. “These are three strategic and growing markets that will remain high priorities for companies around the world for the next several years.”
Shares of Teradata fell $1.40 Thursday to close at $44.07, a 3 percent drop.
Teradata, which employs about 400 employees locally and some 10,000 worldwide, said it expects 2013 full-year revenue to be about the same as the amount reported in 2012.