Sometimes its refreshing to look at the upside of our economy. As standard investments seem to be shaking, technology seems to be sticking at least as far as Teradata Corporation (TDC) is concerned. Teradata led by James M. Ringler, Edward Pete Boykin, and Nancy E. Cooper has been expanding as far as both stock price and revenue is concerned. Its stock price has almost doubled since last year at this time.
The CEO Michael Koehler made the following statement at the company’s Q2 conference call:
“Turning to guidance, we are increasing our revenue growth guidance for 2011, from a range of 14% – 16% to a range of 18% – 20%. And we’re increasing EPS from a range of $2.13 to $2.23 to a range of $2.20 to $2.28.”
Ultimately this is a company you want yo keep an eye on and hope that more companies like Teradata follow suit. If the Western economies have any chance at rescuing themselves it will have to be with cutting edge technological expertise.