Global Tech Stock to Put on Your Radar

Many of our biggest winners of the past year have been tech stocks, and I’ve got another one you should be paying attention to. Teradata Corp. (NYSE: TDC) designs and implements data warehousing systems. The company is a leading global provider of business data management and consulting.

If you’ve ever run a business, you know how important it is to have access to good data about your customers and your operations. When you have that information, you can see where you’re spending too much or not enough, and better serve your clients, because you know who they are and what they want.

It’s no wonder that the company has a large client list that includes businesses from virtually all sectors, including entertainment, financial services, government and telecommunications.

Teradata has a booming global presence and operates in North America, Latin America, Europe, the Middle East, Africa, the Asia-Pacific region and Japan. Approximately half of the company’s sales come from outside the United States, and the company is working on expanding its global markets even further.

And this week, the company reported better-than-expected earnings for the first quarter. The company said strong demand for the company’s consulting services helped it beat analysts’ estimates. Revenue climbed 18% to $506 million in the quarter. Earnings came in at 48 cents per share, 2 cents higher than what analysts forecast, or a 4% surprise. The company also raised its guidance for the year.

Given global businesses’ increased dependence on secure, effective technology solutions, Teradata’s versatile business strategy and services will continue to prosper and gain more business around the world.


Article printed from InvestorPlace Media, https://investorplace.com/2011/05/tech-stock-to-buy-teradata-corp-nyse-tdc/.

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