SanDisk Corporation (SNDK), Brocade Communications Systems, Inc. (BRCD), Teradata Corporation (TDC): 3 Companies to Consider in the Data Storage Devices Industry

Teradata’s growth strategy

Teradata Corporation (NYSE:TDC) is a leading provider of analytic data solutions around the globe. The company provides a one-stop solution for the data warehousing needs of businesses by providing the relevant software, hardware and related support services. The solutions Teradata Corporation (NYSE:TDC) provides help businesses integrate their customer, financial, operational data into a single integrated data warehouse.

With the advent of new analytics and database technologies in the market, investors should not shy away from this company as its products are all high-end with high switching costs. This is helping the company retain its customers at large and also keeping its competitors at bay.

A quick look into the balance sheet of the company would reveal that it has plenty of cash on hand. Teradata Corporation (NYSE:TDC) will use this capital to move into big data centers and the cloud. The company is also tying its future growth prospects with its subsidiary, Aprimo. The company is an integrated marketing management solution provider. Aprimo is developing systems that will help businesses gather strategic insights through the provision of seamless customer engagement along with a multi-channel campaign management. Teradata Corporation (NYSE:TDC), therefore, has some solid plans for the future.

The takeaway

Increasing penetration of technology in the general public and business operations is driving demand for ancillary businesses, such as those involved in the data storage devices industry. SanDisk, Brocade Communications Systems, Inc. (NASDAQ:BRCD) and Teradata Corporation (NYSE:TDC) are three companies that are positioned for growth in this particular industry.

The article 3 Companies to Consider in the Data Storage Devices Industry originally appeared on Fool.com and is written by Awais Iqbal.

Awais Iqbal has a long position in Teradata. The Motley Fool recommends Teradata. Awais is a member of The Motley Fool Blog Network — entries represent the personal opinion of the blogger and are not formally edited.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.