Teradata Stock Price, News & Analysis

Teradata (TDC) has successfully completed one of the largest-scale cloud analytic tests in the industry on Amazon Web Services (AWS). The test demonstrated the ability to run complex analytic workloads on a single system of over 1,000 nodes, with 1,023 active users, and without any downtime. This success illustrates the increasing demand for scalable data analytics and the capabilities of Teradata's analytic platform, which is crucial for enterprises managing vast data and numerous applications. This achievement reinforces Teradata's leadership position in cloud database management.

Teradata Corporation (NYSE: TDC) has initiated a $250 million accelerated share repurchase (ASR) agreement with JPMorgan Chase Bank as part of its $1 billion share repurchase program. This move leaves approximately $913 million available for future repurchases. The company will initially receive around 3.9 million shares, approximately 80% of the expected total, based on a closing price of $50.89 on February 8, 2022. The ASR will be funded from cash on hand, aiming to enhance shareholder value.

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.

Teradata reported a strong fourth-quarter 2021, with public cloud ARR reaching $202 million, a remarkable 91% increase year-over-year. Recurring revenue rose to $364 million, a 5% gain, while total revenue slightly dipped to $475 million, down 3%. GAAP diluted EPS stood at $0.29, surpassing guidance. The company also announced a $250 million accelerated share repurchase program, reflecting confidence in its financial health. Looking ahead, Teradata projects public cloud ARR growth of 80% in 2022 and aims for GAAP EPS between $0.75 and $0.85.

Teradata (TDC) has announced a global partnership with Microsoft to integrate the Teradata Vantage data platform with Microsoft Azure. This collaboration aims to enhance data analytics capabilities, providing businesses with solutions that offer security, reliability, and scalability. With over 60 Azure data services, Teradata Vantage is positioned to meet the complex analytics demands of large enterprises like American Airlines and Siemens Healthineers. As leaders in the 2021 Gartner Magic Quadrant for Cloud Database Management Systems, both companies emphasize their commitment to helping organizations modernize their data strategies.

Teradata (NYSE: TDC) announced its ongoing partnership with Telefónica España, which is migrating its on-premises data analytics ecosystem to Vantage on Google Cloud. This transition showcases their 23-year collaboration, enabling Telefónica to leverage cloud scalability while maintaining the performance of Teradata's analytics platform. The migration is positioned as a low-risk and speedy cloud project that supports Telefónica's digital transformation efforts. The partnership aims to facilitate data-driven insights to enhance business outcomes.

Teradata Corporation (NYSE: TDC) will announce its 2021 fiscal fourth quarter and full year financial results on February 7, 2022, after the market closes. The company has scheduled a conference call at 2 p.m. PT on the same day to discuss the results and provide a business and financial update. The live webcast will be available on Teradata's Investor Relations page.

Teradata has appointed Michael Hutchinson as the new Chief Customer Officer to lead its recently formed Global Customer Services organization. This organization aims to enhance customer experiences and drive growth by integrating Customer Support, Consulting, and Education. Steve McMillan, President and CEO, emphasized the importance of customer-centric strategies in this transformation. Hutchinson, previously head of Customer Success, brings extensive experience from Verint and Oracle. The restructuring aims to optimize customer value and streamline operations.

Teradata (TDC) has been recognized as a leader in the 2021 Gartner Magic Quadrant for Cloud Database Management Systems and ranked highest in all analytical use cases in the Gartner Critical Capabilities report. The company’s Vantage multi-cloud data platform excels in key capabilities such as operational intelligence and seamless integration across cloud environments. This recognition validates Teradata’s commitment to optimizing its platform for connected multi-cloud ecosystems, enabling businesses to simplify analytics and eliminate data silos.