The currency translation reduced the second quarter revenue comparison by 4 percentage points.
Gross margin of 57.4 percent was up from 54.4 percent reported in the second quarter of 2011. On a non-GAAP basis, excluding special items and stock-based compensation expense, gross margin was 58.5 percent, a 260 basis point improvement from 55.9 percent in the second quarter of 2011.
The increase in gross margin was driven by leverage from revenue growth as well as a favorable product and services revenue mix.
“Teradata delivered another strong quarter in Q2 with revenue growth of 18 percent in constant currency, and Non-GAAP EPS growth of 28 percent. As a result, we are increasing our guidance for constant currency revenue growth and EPS for 2012,” said Mike Koehler, president and chief executive officer of Teradata Corporation.
“Strong execution across the company led to 20 percent constant currency revenue growth in the first half of 2012 and record operating margin. Our technology leadership and expertise in data warehousing, big data analytics and integrated marketing management uniquely position Teradata to help customers realize the greatest value from their information assets, while enabling them to reduce infrastructure cost.”