Teradata - TDC STOCK NEWS

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.

Teradata (NYSE: TDC) announced that Groupon is migrating its on-premises data warehouse to the cloud using Teradata Vantage on AWS. This move aims to modernize Groupon's data analytics ecosystem, allowing it to focus on business value rather than IT management. By leveraging Vantage's scalability and performance, Groupon seeks to enhance its finance and marketing analytics. The decision to stick with Teradata was influenced by the minimal risk and downtime offered compared to moving to another platform. A webinar discussing cloud strategies will feature Groupon and Teradata executives.

Teradata (NYSE: TDC) and Antuit.ai have announced a partnership aimed at enhancing digital transformation for retailers and consumer packaged goods (CPG) companies. This collaboration combines Teradata Vantage, a multi-cloud data platform, with Antuit.ai’s AI capabilities for precise demand forecasting and inventory optimization. The joint solution is expected to significantly improve decision-making around demand planning and merchandising, providing a competitive edge in the booming omnichannel and e-commerce sectors. Together, they aim to deliver substantial ROI for businesses leveraging these technologies.

Teradata Corporation (NYSE: TDC) announced its preliminary financial results for Q1 2021, indicating strong performance exceeding prior guidance. GAAP earnings per diluted share are projected between $0.45 and $0.47, significantly higher than the previous guidance of $0.11 to $0.13. Non-GAAP earnings per diluted share are expected to be between $0.67 and $0.69, compared to earlier guidance of $0.38 to $0.40. Additionally, public cloud ARR growth is forecasted at $16 million to $18 million, ahead of previous estimates. Q1 free cash flow is anticipated to be at least $100 million.

Teradata (NYSE: TDC) has been recognized as a Leader in Forrester's Q1 2021 report on Cloud Data Warehouses. This evaluation highlights Teradata's Vantage platform for its hybrid cloud capabilities, reliability, and advanced analytics. Over the past 12-18 months, Teradata focused heavily on enhancing its cloud offerings, including increased R&D investments and new executive appointments. Forrester noted Vantage's versatility in integrating multiple analytic languages and data types, enhancing performance for businesses needing real-time analytics and insights.

Teradata (TDC) has appointed Barry Russell as Senior Vice President, Business Development, and General Manager of Cloud, effective immediately. His role focuses on accelerating cloud growth strategies and fostering partnerships with leading cloud service providers. Russell has substantial experience, having previously led Qumulo’s cloud business unit and held executive positions at F5 and Amazon Web Services. This strategic appointment is expected to enhance Teradata's multi-cloud platform and drive growth, aligning with the company's cloud-first strategy.

Teradata (TDC) has joined the Open Manufacturing Platform (OMP), a global alliance initiated by BMW Group and Microsoft, aimed at advancing industrial IoT solutions in manufacturing. This membership positions Teradata to leverage its data analytics expertise to address challenges in smart factory implementation, such as data interoperability. The company will participate in key working groups focusing on Manufacturing Reference Architecture and Semantic Data Structuring, contributing to an open data model and platform-agnostic solutions for the industry.