Teradata Corp

TDC

Equity

ISIN US88076W1036 / Valor 3373802

New York Stock Exchange, Inc (2024-09-17)

USD 28.83%

Teradata Corp
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

Teradata Corp is a leading provider of data analytics solutions for a wide range of industries including retail, financial services, public services, healthcare, life sciences, manufacturing, telecommunications, and transportation. The company's technology helps organizations analyze and manage large volumes of data to make informed business decisions and drive growth. With a strong presence in the market, Teradata is known for its innovative solutions that enable companies to harness the power of data to stay competitive in today's fast-paced business environment.

Summarized from source with an LLMView SourceSector: Technology

Revenue Decline

Teradata Corp reported a total revenue of $436 million for the second quarter of 2024, which represents a 6% decrease as reported and a 3% decrease in constant currency compared to the same period in 2023. This decline was primarily driven by a reduction in perpetual software licenses, hardware, and consulting services.

Cloud ARR Growth

In the second quarter of 2024, Teradata Corp's public cloud Annual Recurring Revenue (ARR) increased to $542 million, marking a 31% rise as reported and a 32% increase in constant currency from the prior year period. This growth underscores the company's strong performance in its cloud business segment.

Operating Margins

Teradata Corp achieved a GAAP operating margin of 15.1% in the second quarter of 2024, which is an improvement of 800 basis points year-over-year. The non-GAAP operating margin also saw an increase, reaching 22.0%, up 640 basis points from the previous year.

Earnings Per Share

For the second quarter of 2024, Teradata Corp reported a GAAP diluted earnings per share (EPS) of $0.38, reflecting a 124% increase year-over-year. The non-GAAP diluted EPS was $0.64, which is a 33% rise compared to the same period in the previous year.

Outlook for Q3 2024

Looking ahead to the third quarter of 2024, Teradata Corp expects GAAP diluted EPS to be in the range of $0.14 to $0.18 per share. The non-GAAP diluted EPS is projected to be between $0.54 and $0.58 per share, indicating continued confidence in the company's financial performance.

Summarized from source with an LLMView Source

Key figures

-35.4%1Y

-43.0%3Y

-10.5%5Y

Performance

41.9%1Y

41.9%3Y

50.0%5Y

Volatility