TERADATA CORPORATION - TDC STOCK NEWS

Teradata (NYSE: TDC) announced its Q2 2021 financial results with notable growth across key metrics. Public cloud ARR surged 157% to $139 million, while total revenue rose 7% to $491 million. The company achieved a GAAP gross margin of 63.1%, with GAAP EPS at $0.39 compared to a loss of $0.40 a year prior. For Q3 2021, public cloud ARR is forecasted to increase by at least 90%. The company raised its full-year guidance, expecting recurring revenue growth of high-single-digit to low-double-digit percentages and GAAP EPS between $0.78 and $0.82, reflecting strong operational performance.

Teradata (NYSE: TDC) has joined the TM Forum, an alliance of over 850 global tech and telecom companies. This partnership aims to facilitate the migration of telecommunications companies to cloud-based infrastructures. With a history of supporting the telecom sector for 40 years, Teradata intends to collaborate on digital transformation initiatives using its Vantage software platform. The TM Forum provides resources for managing digital transformation, problem-solving, and fostering innovation, making Teradata a key player in shaping future industry standards.

Teradata Corporation (NYSE: TDC) is set to release its financial results for Q2 2021 on August 5, 2021, after market close. A conference call will follow at 2 p.m. PT to discuss the results and provide updates on business and financial performance. This event will be accessible via live webcast on the company's investor relations website. Teradata specializes in enterprise analytics, offering a multi-cloud data platform to address complex business challenges.

Teradata (NYSE: TDC) has announced new capabilities for its Vantage platform on Microsoft Azure, enhancing its multi-cloud data analytics offerings. Key improvements include easy modernization of cloud data analytics infrastructure, enhanced security with customer-managed encryption keys, and innovative functionalities that boost computational performance by 40%. The Vantage platform supports various industries, allowing for flexibility in pricing and resource allocation. These updates are part of Teradata's commitment to cloud-first development, aiming to assist customers in modernizing their data analytics in a rapidly evolving digital landscape.

Teradata has appointed Claire Bramley as Chief Financial Officer, effective June 14, 2021, succeeding Mark Culhane, who steps down on June 13, 2021. Culhane will support the transition through June 30, 2021. Bramley, with nearly 15 years at HP Inc., brings extensive experience in corporate finance, having overseen financial management for significant revenues. Teradata’s President and CEO, Steve McMillan, praised her financial acumen and leadership skills, indicating she will bolster the company’s growth amidst ongoing changes.

Deloitte and Teradata (NYSE: TDC) announced a collaboration to assist customers in migrating from on-premise data management to the Teradata Vantage multi-cloud data platform. This initiative aims to simplify data migration complexities, enabling organizations to harness advanced cloud capabilities. The partnership leverages Deloitte's expertise in digital transformation and Teradata's recognized cloud solutions. Joint clients can expect a rapid migration process that eliminates data silos, facilitates cross-functional data sharing, and optimizes costs associated with data analytics.

A global study titled "Invest In Customer Insights To Drive Business Growth" by Teradata (TDC) and Celebrus, conducted by Forrester Consulting, reveals that while companies have increased investments in digital customer experiences, many struggle to differentiate their CX strategies. Key findings highlight that 85% of decision-makers see digital experiences as vital for engagement, yet only 56% consider their CX a differentiator. Additionally, data challenges persist, with 82% of firms seeking to capture more customer data, yet facing difficulties across all data stages, further complicating real-time decision-making.

Teradata (TDC) reported strong Q1 2021 results, with public cloud ARR surging by 176% to $124 million. Total ARR increased 12% to $1.404 billion, while total revenue rose 13% to $491 million. The company achieved a GAAP gross margin of 62.5% and a GAAP operating income of $81 million. Teradata raised its EPS outlook for 2021, expecting GAAP EPS of $0.58 to $0.64. Free cash flow improved significantly to $105 million, highlighting solid operational performance.

Teradata (NYSE: TDC) has announced enhancements to its Vantage platform on Google Cloud, emphasizing customer choice and integration. These updates allow users to utilize Google Cloud services effectively through Consumption Pricing, which ties costs to actual usage. The platform now features improved connectivity with Google services like BigQuery and Dataflow, facilitating seamless analytics across various data stores. Teradata’s consistent software environment supports enterprises in modernizing their data analytic ecosystems without disruption.