Teradata cashes in on debt crisis

SANYA, Hainan - Teradata Corp, the world's largest data warehousing company, is seeing business opportunities amid the ongoing debt crisis in Europe as demand grows for real-time data analysis from key customers including Chinese companies dependent on Europe as a major export market.

Quick, detailed and consistent data and information have become critical for many Chinese companies to quickly respond to changes amid economic uncertainties. And growing demand for such services is driving Teradata's rapid growth, Peter Hand, the company's Asia-Pacific president, said on Friday.

Taking advantage of the global financial crisis and debt turmoil in Europe, the US-based hardware and software vendor specializing in data warehousing and business intelligence has enjoyed strong growth and solid earnings driven by companies' need for better information and data analytics for decision-making.