TERADATA CORPORATION - TDC STOCK NEWS

Teradata (TDC) reported strong Q3 2024 results with notable cloud business growth. Public cloud ARR reached $570 million, up 26% year-over-year, with a cloud net expansion rate of 120%. GAAP diluted EPS increased 175% to $0.33, while non-GAAP diluted EPS rose 64% to $0.69. Cash flow from operations improved 88% to $77 million. Despite cloud growth, total ARR decreased 3% to $1.482 billion. The company increased its full-year 2024 EPS guidance and expects public cloud ARR growth of 18-22% in constant currency.

Teradata (NYSE: TDC) has promoted Louis Landry to Chief Technology Officer. With over 20 years of software architecture and engineering leadership experience, Landry will drive the company's technological vision and innovation strategy. Previously heading Teradata's Technology and Innovation Office, Landry has spent more than 10 years at the company, leading advanced R&D initiatives. His team has developed key innovations including Teradata ask.ai and the compute engine project that became Teradata AI Unlimited. Under his leadership, Teradata aims to strengthen its position in enterprise data platforms for the AI era.

Teradata (NYSE: TDC) has announced the release date for its third quarter 2024 financial results. The company will disclose its earnings after the market closes on Monday, November 4, 2024. Following the release, Teradata will host a conference call to discuss the results and provide a business and financial update.

The earnings conference call is scheduled to begin at 1:30 p.m. PT on the same day. Investors and participants can join the call by dialing (404) 975-4839 and using the access code 205954. For those outside the United States, global dial-in numbers are available on the company's website. A live webcast and replay of the call will be accessible on the Investor Relations page of Teradata's website at investor.teradata.com.

Teradata (NYSE: TDC) has announced a collaboration with NVIDIA to enhance its Vantage platform with NVIDIA AI capabilities. This integration aims to accelerate AI workloads and support the development of large language models (LLMs), agentic workflows, and retrieval-augmented generation (RAG) applications for large enterprises using public and private clouds.

Key points:

• Integration of NVIDIA NeMo and NIM microservices into Vantage platform
• Support for small language models (SLMs) and open LLMs in VantageCloud Lake
• NVIDIA AI accelerated computing infrastructure offered on Teradata's platform
• NVIDIA NeMo Retriever to be offered on Teradata VantageCloud
• Availability of NVIDIA AI accelerated compute on AWS in November, with additional capabilities in Q4 and 2025

Teradata (NYSE: TDC) has announced new capabilities for VantageCloud Lake and ClearScape Analytics to simplify generative AI (GenAI) implementation for enterprises. The company introduced a bring-your-own LLM (BYO-LLM) feature, allowing customers to use small or mid-sized open-source language models for specific business needs. This approach aims to provide cost-effective and immediate ROI from GenAI initiatives.

Teradata has also integrated with NVIDIA's full-stack AI accelerated computing platform, offering customers the flexibility to use either GPUs or CPUs based on LLM complexity. The new capabilities support LLM inferencing and fine-tuning, enhancing model accuracy and efficiency. These features are designed to maximize security, privacy, and trust while minimizing data movement costs.

Teradata (NYSE: TDC) announced the speaker lineup and agenda highlights for Possible 2024: Los Angeles, a global event focusing on AI innovation and technology. The three-day event will explore solutions in AI/ML, data, and cloud technologies, offering hands-on training and breakout sessions. Attendees will learn about in-database analytics that can reduce data prep time, speed up model training, and accelerate model deployment.

Keynote speakers include Dr. Radhika Dirks, CEO of XLabs AI, and customer speakers from the New York Giants and OSF HealthCare. The event will feature sessions from various companies discussing AI and data analytics applications in their businesses, including Amazon Marketplace, American Airlines, AWS, and Microsoft.

Teradata (NYSE: TDC) has announced new features for its ClearScape Analytics platform at Possible 2024: London. These enhancements aim to maximize AI/ML investments and boost data science productivity for organizations. Key updates include:

1. Spark to ClearScape Analytics conversion tool to reduce complexity and costs
2. AutoML for automated model training
3. KNIME Integration for no-code/low-code data science workflows
4. New self-service UX enhancements for easier data access
5. Open-source ML support on VantageCloud

These features address challenges in AI/ML processes, aiming to streamline operations, reduce costs, and accelerate AI initiatives for both technical and non-technical users.

Teradata (NYSE: TDC) has announced its participation in Citi's 2024 Global TMT Conference in New York, NY on September 4th at 4:40 p.m. ET. Steve McMillian, President and CEO, will be presenting. The presentation will be webcast live and available for replay on Teradata's Investor Relations page for 30 days.

Teradata offers a complete cloud analytics and data platform for AI, focusing on delivering harmonized data and trusted AI to enable confident decision-making and drive impactful business results. The company believes in empowering people with trusted information for more effective outcomes.

The Schall Law Firm has announced a class action lawsuit against Teradata (NYSE:TDC) for alleged violations of securities laws. The lawsuit covers investors who purchased Teradata securities between February 13, 2023, and February 12, 2024. The firm claims that Teradata made false and misleading statements about its expanded business model and ability to close customer deals timely. Investors are encouraged to contact the firm before August 13, 2024, to discuss their rights. The class has not yet been certified, and affected shareholders can choose to participate or remain absent class members. The Schall Law Firm specializes in securities class action lawsuits and shareholder rights litigation.