LAHORE - Teradata Corporation (NYSE: TDC), the world's largest company solely focused on data warehousing and enterprise analytics, reported revenue of $439 million for the third quarter of 2008, the same as reported in the third quarter of 2007. Included in the year-over-year comparison was 1 percentage point of benefit from currency translation. Gross margin in the third quarter was 54.0 percent versus 52.2 percent in the third quarter of 2007. The gross margin improvement was due to a favourable mix of transactions, contribution from maintenance services and the benefit of currency translation. Teradata drove gross margin improvement in both its products and services businesses. According to a press release issued on Thursday, Teradata's 2008 third-quarter net income was $60m, or $0.33 per share, which compared to $29m, or $0.16 per share, in the third quarter of 2007. Included in Teradata's 2008 third quarter results was a $3m impairment charge ($0.01 per share) to write down the value of a historical equity investment and a $3 million increase in the income tax provision ($0.02 per share) related to Teradata's filing of its 2007 federal income tax return in the third quarter of 2008. Excluding these items, non-GAAP earnings per share was $0.36 in the third quarter 2008. Teradata's results in the third quarter of 2007 included $15 million ($0.07 per share) of costs associated with Teradata's spin-off from NCR Corporation and a $10m ($0.06 per share) increase in the income tax provision related to the tax rate change in Germany. Excluding these items, Teradata's 2007 third quarter non-GAAP earnings per share was $0.29.We had a good quarter in terms of margins and earnings growth," said Mike Koehler, president and chief executive officer of Teradata Corporation. "Revenue growth in the third quarter was challenged due to the change in currency exchange rates and the difficult comparison with the strong growth generated in the third quarter of 2007. However, we were encouraged with the growth we saw in our Americas region. "Teradata is well positioned relative to the market. In today's economic environment, companies are increasingly looking to integrate and centralize data to reduce costs and get a complete view of their customers, products, risk and financials. This is core to what Teradata provides to its customers. "However, given the changes in currency exchange rates and business conditions, we are lowering our full-year revenue guidance by 4 percentage points and are reducing our earnings per share expectations accordingly. "We are continuing to invest to further strengthen our longer term market position while simultaneously managing costs. We've increased the number of purpose-built data warehouse platforms we offer and are increasing the number of sales territories to extend our market reach for the years to come," he added.