Cloud Momentum at Teradata Picks Up in Second-Half 2021

Rhea-AI Summary

Teradata (NYSE: TDC) reported strong cloud business momentum for its Vantage platform, driven by diverse industries worldwide. According to Gartner, cloud-managed DBMS service revenue is skyrocketing, representing 93% of overall growth. Teradata's Vantage enables complex data analytics across multiple clouds, supporting large enterprises' needs. The company secured various cloud deals in sectors like finance and healthcare, emphasizing scalability and reliable performance. Teradata aims to enhance customer analytics ecosystems, promising significant business insights and agility.

Positive

• Increased cloud business momentum, particularly for Vantage.
• Positive trend from Gartner indicating 93% revenue growth from cloud-managed DBMS.
• Diverse industry customer base, including sectors like finance, retail, and healthcare.
• Ability to support complex multi-cloud and hybrid environments.
• Focus on modernizing data analytics ecosystems for enterprises.

Negative

• None.

Customers use Vantage to modernize data analytics ecosystems across industries and geographies

SAN DIEGO--(BUSINESS WIRE)-- Teradata (NYSE: TDC) today announced cloud business momentum for the Teradata Vantage platform from the second half of 2021. The customer set represents a wide variety of industries in countries around the world and they are all leveraging Teradata in the cloud to drive critical aspects of their business forward.

According to Gartner,¹ “Cloud-managed DBMS (Database Management Systems) service revenue growth accounts for 93% of overall DBMS revenue growth.” Teradata is benefiting from this trend, as customers evaluate the fastest and most reliable path to modernize their data analytic ecosystems in the cloud.

Leveraging “the cloud” is anything but simple for Teradata’s typical customer. There are multiple clouds to consider, and hybrid scenarios demanded by regulation. There are global employees that require access at any time of day, and complex queries too expensive to run in the cloud. These considerations are normal for today’s largest enterprises and companies with multi-dimensional business models. They want it all: multi-cloud, hybrid, thousands of concurrent users, and millions of daily queries that run across all their data.

Trusted to deliver results at scale, Teradata’s Vantage offering provides a superior cloud data platform, capable of connecting the complex data and analytics systems that drive organizations. Seamless software in multi-cloud and hybrid deployments connects Amazon Web Services (AWS), Microsoft Azure, Google Cloud and on-premises. Add Teradata’s support for massive scale and Vantage is the best platform for delivering breakthrough business results in today’s “enterprise normal.”

Leading enterprises worldwide are choosing Teradata Vantage in the cloud to deliver mission-critical insights to the business. Teradata’s cloud momentum increased in the second half of 2021, with cloud deals from industries such as financial services, retail, manufacturing, transportation, telco, healthcare, and media and entertainment. Examples include:

Aisin Seiki		Metro AG
Almacenes Exito		Mitsubishi UFJ Financial
American Airlines		MS&AD
Amica Mutual Insurance		Natwest Holdings
ANZ Banking Group		NCR
Arcor S.A.I.C.		Nike
Aviva		NXP Semiconductor
Axfood		O2 Czech Republic
Banco Central do Brasil		Oi
Banco Credito Inversiones		Patagonia
Banco Itau		PepsiCo
Banner Health		Polkomtel
Barclays		PSCU Financial Services
Blue Cross Blue Shield of Minnesota		Qantas Airways
Blue Cross Blue Shield of Louisiana		Régie de l'assurance maladie du Québec
Bouygues Telecom		Royal Mail
Bunnings		Saks
C&A Modas		Sanofi
CALIMAX		Sasol
Carrefour		Schlumberger
Centene		Shop Direct Group
Certiware		Siemens Healthineers
Charter Communications		SKODA
Cigna		Standard Chartered
Confederação Sicredi		Staples
Crownquest Operating		State of Michigan
Delta Air Lines		Superintendencia Financiera de Colombia Superfinanciera
Deutsche Telekom		SURA Asset Management
DirecTV		Suyen Corporation
Engie		Tabcorp
Entel Chile		Taiwan Cooperative Bank
ETB		Telefónica Brasil
Farm Credit Canada		Telefónica de Argentina
FedEx		Telefónica de España
FNAC		Telenor
Gaion		The Coca-Cola Company
G-FOOT		The Walt Disney Studios
GoDaddy.com		The Warehouse
Groupon		TIAA
Herc Rentals		Ticketmaster
Hertz		T-Mobile
Horizon Healthcare Services		TPG Telecom
HSBC		TSB Bank
Hutchinson Digital Solutions		Unidia
IDOT		Unilever
IF Insurance		Union Pacific Railroad
Izumiya		United Rentals
J. Front Retailing		UnitedHealth Group
La Anonima		Unum
Latam Airlines		Vodafone
Liberty Mutual		Warner Bros.
Lloyds Banking Group		Wellbore Matters
Loblaw		Xuenn
Mercado Libre		Zions Bancorporation
Merck		Zuellig Pharma

“The cloud enables better business outcomes for our customers, so we are focusing the entire organization on helping our customers modernize their data and analytics ecosystems in the cloud,” said Todd Cione, Chief Revenue Officer at Teradata. “We do this with respect to the customer’s individual cloud journey – allowing them to start small if needed, but also being ready to quickly scale up to the complex set of analytics that today’s global enterprises require. Teradata Vantage stands alone in this capacity – connecting multi-cloud and hybrid environments to deliver real business insights with modern enterprise price performance and agility.”

About Vantage

Teradata Vantage is the connected multi-cloud data platform for enterprise analytics. It simplifies ecosystems by unifying analytics, data lakes and data warehouses. With Vantage, enterprise-scale companies can eliminate silos and cost-effectively query all their data, all the time, regardless of where the data resides, to get a complete view of their business.

About Teradata

Teradata is the connected multi-cloud data platform for enterprise analytics company. Our enterprise analytics solve business challenges from start to scale. Only Teradata gives you the flexibility to handle the massive and mixed data workloads of the future, today. Learn how at Teradata.com.

The Teradata logo is a trademark, and Teradata is a registered trademark of Teradata Corporation and/or its affiliates in the U.S. and worldwide.

¹ Gartner, Magic Quadrant for Cloud Database Management Systems, Henry Cook, Merv Adrian, Rick Greenwald, Adam Ronthal, Philip Russom, 14 December 2021

View source version on businesswire.com: https://www.businesswire.com/news/home/20220208005547/en/

Jennifer Donahue

858-485-3029 office

Jennifer.Donahue@Teradata.com

Source: Teradata

FAQ

What recent business momentum has Teradata reported for TDC?

Teradata has reported strong cloud business momentum for its Vantage platform, with increased customer engagement across various industries.

What does Gartner say about the growth of cloud-managed DBMS?

Gartner indicates that cloud-managed DBMS service revenue accounts for 93% of overall DBMS revenue growth.

Which industries are driving cloud deals for TDC?

Cloud deals for TDC are being driven by industries such as financial services, retail, manufacturing, and healthcare.

How does Teradata Vantage help enterprises?

Teradata Vantage helps enterprises by connecting complex data systems across multi-cloud and hybrid environments, enhancing analytics capabilities.

What is the significance of cloud technology for Teradata's customers?

Cloud technology enables Teradata's customers to achieve better business outcomes and to modernize their data and analytics ecosystems.