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Teradata Corporation (TDC) is a global leader in analytic data platforms, marketing and analytic applications, and consulting services. The company specializes in helping organizations collect, integrate, and analyze their data to gain deeper insights into their customers and business operations.
Teradata's core business revolves around providing advanced data warehousing and analytics solutions. These solutions enable businesses to manage and analyze large volumes of diverse data, offering insights that drive better decision-making and operational efficiencies. Teradata's portfolio includes products for data warehousing, asset optimization, fraud prevention, product innovation, and risk mitigation.
With a significant portion of its revenue generated in the United States, Teradata serves a wide range of industries, including financial services, retail, healthcare, and manufacturing. The company's marketing applications help businesses enhance customer loyalty through precise and effective marketing management tools.
Recently, Teradata has been focusing on cloud-based solutions and has made significant strides in integrating AI and machine learning capabilities into its offerings. These advancements help clients stay competitive in an increasingly data-driven world by providing real-time analytics and predictive insights.
In terms of financial performance, Teradata has shown resilience and adaptability in a rapidly changing market. The company continues to form strategic partnerships and collaborations to expand its reach and enhance its product offerings. For the latest updates and detailed information about Teradata Corporation, visit their official website at teradata.com.
Teradata (NYSE: TDC) has appointed Michael Hutchinson as Chief Operating Officer. Hutchinson, who previously served as Chief Customer Officer since January 2022, will oversee global operations including IT, information security, strategy and operations, while maintaining leadership of Teradata Global Customer Services.
Prior to joining Teradata in June 2021 as Senior Vice President of Worldwide Customer Success, Consulting and Renewals, Hutchinson held positions at Verint as SVP & Chief Customer Officer and spent nearly 30 years at Oracle, ultimately serving as Global Vice President, North America Customer Success. During his tenure at Teradata, he has successfully led customer experience initiatives, achieving notable improvements in Net Promoter Score, retention, and use-case expansion.
Teradata (NYSE: TDC) has announced its participation in Morgan Stanley's 2025 Technology, Media & Telecom Conference in San Francisco. The company's President and CEO, Steve McMillan, will present on March 4th at 9:15 a.m. PT / 12:15 p.m. ET.
The presentation will be accessible through a live webcast on Teradata's Investor Relations website (investor.teradata.com) and will remain archived for 30 days. Teradata positions itself as a provider of comprehensive cloud analytics and data platform for AI, focusing on delivering harmonized data and trusted AI to enable confident decision-making and faster innovation for organizations.
Teradata (TDC) reported its Q4 and full-year 2024 financial results, showing mixed performance. Public cloud ARR grew 15% to $609 million, while total ARR decreased 6% to $1.474 billion. The company's full-year GAAP diluted EPS increased 90% to $1.16, and non-GAAP diluted EPS rose 17% to $2.42.
Key financial highlights for 2024 include total revenue of $1.750 billion (down 5% from 2023), recurring revenue of $1.479 billion (85% of total revenue), and free cash flow of $277 million. The company announced a CFO transition, with Claire Bramley departing March 31, and Charles Smotherman appointed as Interim CFO.
For 2025, Teradata projects public cloud ARR growth of 14-18%, total ARR growth of 0-2%, and expects GAAP diluted EPS between $1.05-$1.15. The company forecasts total revenue decline of 4-6% and free cash flow between $250-280 million.
Teradata (NYSE: TDC) has scheduled its fourth quarter and full-year 2024 financial results release for Tuesday, February 11, 2025, after market close. The company will host a conference call and live webcast at 1:30 p.m. PT on the same day to discuss the results and provide updates on business operations, including its 2025 financial outlook.
Investors can join the conference call by dialing (404) 975-4839 with access code 357044. International participants can find their regional dial-in numbers on Teradata's website. Both the live webcast and replay will be available on the company's Investor Relations page at investor.teradata.com.
Teradata (NYSE:TDC) has announced an enhanced partnership with AWS to deliver 'rapid-start' Gen AI use cases through Teradata VantageCloud integration with Amazon Bedrock. The integration provides access to 60+ Gen AI use cases across various industries and functions, allowing customers to leverage foundational models from AI companies like AI21 Labs, Anthropic, and Meta. According to a survey, 84% of AI executives expect results from AI projects within a year of deployment. The integration will be available in Q2 2025, offering highly scalable APIs and solution-specific accelerators to implement Gen AI use cases efficiently and cost-effectively.
Teradata announced that Teradata AI Unlimited is now available for public preview through the Microsoft Fabric Workload Hub. This serverless compute engine integrates ClearScape Analytics functionality with Microsoft Fabric and OneLake, offering over 150 AI/ML functions without requiring a Teradata VantageCloud subscription. The solution enables developers and data scientists to create self-service sandboxes for AI experimentation, eliminating infrastructure complexity. Users can process multiple billion-row datasets concurrently and leverage integrated SQL notebooks with pre-defined use cases. The service will be generally available through the Fabric Workload Hub ISV marketplace in 2025.
Teradata (NYSE: TDC) has announced its participation in three major investor conferences: RBC's 2024 Global TIMT Conference in New York on November 19th, Wells Fargo's 2024 TMT Summit in San Francisco on December 4th, and Barclay's 2024 Global TMT Conference in San Francisco on December 11th.
CEO Steve McMillian will present at RBC's conference, while CFO Claire Bramley will present at both Wells Fargo and Barclay's events. All presentations will be webcast live on Teradata's Investor Relations website and archived for 30 days.
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.
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