Welcome to our dedicated page for Teradata news (Ticker: TDC), a resource for investors and traders seeking the latest updates and insights on Teradata stock.
Teradata Corporation reports developments in enterprise data, analytics, and AI infrastructure for large organizations. Company news centers on the Teradata Autonomous AI and Knowledge platform, the Autonomous Knowledge Platform, Analyst Agent, and Enterprise Vector Store, including deployments across cloud, on-premises, and hybrid environments.
Recurring updates also cover financial results and operating metrics such as annual recurring revenue, public cloud ARR, and recurring revenue. Other announcements address marketplace availability, data science and machine learning recognition, partner and channel activity, industry customer engagements, and product capabilities for governed AI agents, vector search, conversational analytics, and structured and unstructured data.
Teradata has launched VantageCloud Lake, a cloud-native analytics platform designed to enhance performance and lower total cost of ownership for various workloads. This new offering expands Teradata's traditional focus, enabling self-service analytics for broader use cases beyond IT-managed tasks. Built on a flexible architecture, it supports rapid scaling and comprehensive workload management. VantageCloud Lake aims to foster innovation and agility in data-driven decision-making while maintaining strict governance and cost oversight.
Teradata has launched ClearScape Analytics, enhancing its analytics capabilities with over 50 new in-database functions. This new offering is integrated within VantageCloud and VantageCloud Lake, providing advanced AI/ML functionalities designed to streamline data insights and operational efficiency. The features include integrated ModelOps for managing AI/ML models, allowing organizations to quickly adapt and scale their analytics. The advancements aim to help clients tackle complex challenges and accelerate digital transformations.
Teradata (TDC) reported its Q2 2022 results, showing a public cloud ARR of $234 million, up 68% year-over-year. However, total revenue dropped 12% to $430 million, with recurring revenue decreasing by 8%.
The GAAP EPS was ($0.04), while non-GAAP EPS reached $0.33, exceeding expectations. Cash flow from operations was $105 million, with free cash flow of $102 million. Teradata reaffirms its year-end guidance, predicting 80% growth in public cloud ARR and a decline in total recurring revenue in the low-to-mid-single-digit range.
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Teradata Corporation (NYSE: TDC) will release its 2022 second quarter financial results on August 4, 2022, after market close. A conference call will follow at 2 p.m. PT the same day to discuss these results and provide a business update. Investors can access the live webcast on the company's Investor Relations page. Teradata is recognized as a connected multi-cloud data platform that addresses enterprise analytics needs, enhancing flexibility for handling complex data workloads.
Teradata (TDC) has launched the integration of its Vantage multi-cloud data and analytics platform with Amazon SageMaker, enhancing advanced analytics access for organizations. This partnership addresses scalability challenges in AI/ML deployment, promising faster time-to-value and improved ROI through the Analytics 123 framework. Despite heavy investments in AI/ML, many organizations struggle with widespread deployment due to costly data preparation. Vantage aims to enable enterprise-scale performance, allowing rapid AI/ML project execution.
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Teradata has announced the election of Todd McElhatton to its Board of Directors, effective June 1, 2022, expanding the Board from 9 to 10 members. With over 25 years of experience in corporate finance, McElhatton currently serves as CFO of Zuora. His past roles include senior positions at SAP, VMware, Oracle, and Hewlett Packard, focusing on cloud business strategies. Chairman Mike Gianoni emphasized that McElhatton's expertise aligns with Teradata's strategic focus on cloud transformation and sustainable growth.
Teradata (NYSE: TDC) reported its Q1 2022 results, highlighting a public cloud ARR of $209 million, up 69% year-over-year. Total revenue reached $496 million, an increase of 1%, with recurring revenue at $386 million, also a 4% rise. GAAP diluted EPS was $0.33, while non-GAAP diluted EPS came in at $0.65. Despite overall growth, the full-year outlook was revised downwards, citing a $55 million impact from ceasing operations in Russia and expected foreign currency headwinds. Total ARR is now projected to decline in the low-single-digit percentage range.
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