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UPDATE: FBN Securities Initiates Teradata at Outperform on Growth Outlook

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FBN Securities initiated coverage on Teradata (NYSE: TDC) with an Outperform rating.

FBN Securities commented, "We see core growth at TDC of around 10%, with upside to over 10% possible due to ramping business in Aprimo (recent acquisition in marketing campaign management) and Aster Data (recent acquisition in Big Data). We estimate that last year (2011), TDC grew revenue by 21% (19-21% growth was guided) consisting of core growth of 14-15% plus 3pp ($61M) of growth due to Aprimo/Aster Data acquisitions (great majority from Aprimo) and 3-4pp due to currency."

Teradata closed at $75.75 on Wednesday.

Posted-In: FBN SecuritiesAnalyst Color Initiation Intraday Update Analyst Ratings

 

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