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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) announced a three-year Strategic Collaboration Agreement with Amazon Web Services (AWS) aimed at enhancing product integration and accelerating cloud adoption for enterprises. This partnership will facilitate the use of Teradata Vantage on AWS, simplifying data management and cloud migration for various business personas. Key benefits include industry-specific solutions, advanced data sharing capabilities, and streamlined billing through AWS Marketplace, ultimately enabling faster data insights and transformation efforts.
Teradata reported Q3 2021 results, with total revenue of $460 million, a slight increase from $454 million year-over-year. Public cloud ARR rose 83% to $148 million, while recurring revenue increased by 7% to $352 million. GAAP EPS was $0.15, exceeding prior forecasts, and non-GAAP EPS was $0.43, also above expectations. Cash flow from operations was $33 million and free cash flow totaled $23 million. A $1 billion share repurchase authorization was announced. The outlook for full-year ARR growth is affirmed at mid-to-high single-digits.
Teradata (TDC) has announced the integration of its Vantage multi-cloud data platform with H2O AI Hybrid Cloud, enabling businesses to build AI solutions faster and at scale. This integration addresses challenges posed by disconnected data and analytics, streamlining the AI development process. Customers can utilize familiar programming languages for machine learning tasks, enhancing productivity. The solution supports a wide array of AI applications, such as fraud detection and customer churn analysis. The integration is now available globally, positioning Teradata and H2O.ai for increased enterprise demand.
Teradata Corporation (NYSE: TDC) will announce its Q3 2021 financial results post-market on November 4, 2021. This will be followed by a conference call at 2 p.m. PT to discuss the results and provide a business update. Investors can access the live webcast and replay through the Investor Relations page. Teradata specializes in multi-cloud data analytics, offering solutions for handling complex data workloads with flexibility.
Teradata (NYSE: TDC) has announced the continuation of its partnership with Tesco PLC, utilizing Teradata Vantage for its data platform needs. This collaboration enhances Tesco's ability to access and analyze data flexibly without the need for new tools. Vantage integrates various technologies, allowing Tesco to consolidate its data landscape efficiently. The platform supports enterprise analytics, enabling firms like Tesco to eliminate data silos and optimize their data usage across various environments. This reaffirmation highlights Teradata's commitment to providing innovative solutions for its clients.
Teradata (NYSE: TDC) presented long-term growth targets at its virtual Investor Day, aiming for over
Teradata has introduced a new functionality called Bring Your Own Model (BYOM) for its Vantage platform, enhancing businesses' ability to operationalize AI and ML projects at scale. This capability allows users to integrate externally developed predictive models seamlessly, increasing ROI through better model deployment and analytics. Teradata’s Analytics 1-2-3 framework ensures efficient data processes and supports diverse analytic needs. The BYOM feature is available globally to all Vantage customers, empowering enterprises to tackle complex data challenges effectively.
Teradata (NYSE: TDC) will host a Virtual Investor Day on September 9, 2021, at 11:30 a.m. PT, lasting about three hours. This event aims to share insights into:
- Teradata's vision for profitable growth,
- Growth drivers in the data analytics market,
- The management team's approach to business transformation.
The event includes a live Q&A session and will be accessible online via Teradata’s investor relations page.
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