Read the quote below closely. GAAP stands for Generally Accepted Accounting Principles (aka legal standard for financial reporting). The non-GAAP refers to Vick and Oliver coming up with their own method of putting stock buybacks in their pockets and not counting them as expense — non-GAAP B.S.
GAAP EPS : 2Q 2019 DOWN from 2Q2018 $-.01 from $.03
Non-GAAP EPS $: Not counting stock-based compensation and other stuff??? 2Q 2019 $.29 UP from 2Q 2018 $.26
The worse the company does the higher the stock comp gets. When the price finally reflects reality, the stock comp will be worthless like the management.
“Teradata reported 2019 second-quarter net loss of $(1) million under U.S. Generally Accepted Accounting Principles (GAAP), or $(0.01) per share, which compared to net income of $4 million, or $0.03 per diluted share, in the second quarter of 2018. Non-GAAP 2019 second-quarter net income, which excludes stock-based compensation expense and other special items, was $34 million, or $0.29 per diluted share, as compared to $32 million, or $0.26 per diluted share in the second quarter of 2018(2).”
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I heard them talk non GAAP definition more than once on the earnings call. I wondered why they provided the definition more than one time.
Knowing the business, it is clear the C level continue to try to confuse analysts with overstating negative impact of moving to sub model.
We are losing clients, workload and not winning new logos. Recipe for disaster. Would not surprised to see these executives from “most ethical company” in serious legal problems in years to come.