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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) has been named the official cloud analytics partner for the Los Angeles Clippers and Intuit Dome, the team's new arena opening Aug. 15, 2024. As a Founding Partner, Teradata will have special entitlement of the arena's Halo Loft Level. The partnership will leverage Teradata VantageCloud Lake for cloud analytics and AI technologies to enhance the fan experience.
The Teradata Halo Loft Level will offer premium hospitality with unique tech amenities. Intuit Dome, featuring innovative design elements like The Wall and the largest double-sided Halo Board, aims to redefine live experiences for sports and music events in Los Angeles.
Teradata announced its second quarter 2024 financial results, noting significant performance in cloud services but a decline in overall revenue.
Key highlights include:
- Public cloud ARR of $542M, up 31% year-over-year
- GAAP operating margin of 15.1%, up 800 basis points
- Non-GAAP operating margin of 22%, up 640 basis points
- GAAP diluted EPS of $0.38, up 124%
- Non-GAAP diluted EPS of $0.64, up 33%
However, total ARR decreased by 4% and total revenue fell by 6% to $436M.
The company also announced a global restructuring plan to optimize operations, reducing its workforce by 9-10%. This is expected to cut operating expenses by $75M-$80M annually, though initial costs will be $45M-$50M.
For Q3 2024, Teradata forecasts GAAP diluted EPS of $0.14-$0.18 and non-GAAP diluted EPS of $0.54-$0.58. Full-year 2024 guidance includes public cloud ARR growth of 28%-32% and total ARR decline of 2%-4%.
Teradata (NYSE: TDC) has announced a new integration of the DataRobot AI Platform with Teradata VantageCloud and ClearScape Analytics. This partnership aims to maximize AI potential for enterprises by providing greater flexibility in building and scaling AI models. Key features include:
1. Importing and operationalizing DataRobot's AI models at scale within VantageCloud
2. Access to advanced analytics for more users across the enterprise
3. Deployment of models with accountability, security, and trust
4. Scalable AI operationalization across all cloud providers and on-premises
5. Cost-effective scaling of DataRobot models for VantageCloud users
The integration is available today, offering enterprises the ability to accelerate AI adoption and innovation while maintaining trust and governance.
Teradata (NYSE: TDC) has announced the release date for its 2024 second quarter financial results. The company will unveil its earnings after the market closes on Monday, August 5, 2024. Following the release, Teradata will host a conference call and live webcast at 2 p.m. PT on the same day to discuss the results and provide a business and financial update. Investors and interested parties can access the live webcast and replay on the Investor Relations page of Teradata's website at investor.teradata.com.
Teradata (NYSE: TDC) has appointed Chad Bennett as Senior Vice President, Investor Relations, and Corporate Development. Bennett brings over 20 years of experience in financial modeling, valuation, and competitive intelligence from Craig-Hallum Capital, where he covered SaaS and software companies, including Teradata. Claire Bramley, Teradata's CFO, emphasized Bennett's ability to enhance investor relations and identify corporate opportunities. Bennett expressed enthusiasm about Teradata's leading data analytics capabilities and opportunities for growth as a cloud analytics and data platform provider for Trusted AI.
Teradata announced the launch of Teradata VantageCloud Lake on Google Cloud, enhancing its cloud analytics and data platform for AI. The collaboration integrates Teradata's ClearScape Analytics with Google Cloud's Vertex AI platform and Gemini models, enabling enterprises to scale AI initiatives and power new generative AI use cases. This partnership aims to address common AI deployment challenges, offering seamless integration, security, and performance. Notably, ClearScape Analytics supports end-to-end AI/ML pipelines and generative AI with Gemini models, promising faster deployment and profitable growth. The new solutions are now generally available, with additional features slated for private preview in the first half of 2025.
Teradata (NYSE: TDC) will participate in the UBS Women in Tech Summit 2024 on June 12th in San Francisco, CA.
Claire Bramley, the company's CFO, will present at 8:00 a.m. PT.
The presentation will be webcast live on Teradata's Investor Relations page and available for replay for 30 days.
Teradata provides a comprehensive cloud analytics and data platform for AI, aimed at enhancing decision-making and driving business results.
A new survey conducted by Teradata and NewtonX reveals that while enterprise leaders believe in AI's potential, they face significant challenges in data reliability and strategic alignment.
Notably, 70% of executives indicate their AI strategy isn't fully aligned with their business strategy. Furthermore, 40% don't trust their data to produce accurate AI outputs, although 61% do trust the reliability of their AI outcomes. Only 12% have implemented AI solutions company-wide, with most preferring departmental-level applications.
Executives see AI's main benefits in productivity and customer experience, yet concerns about AI missteps impacting customer satisfaction and company reputation persist. Barriers to effective AI scaling include a lack of technical talent, budget constraints, and insufficient infrastructure.
Despite these challenges, 60% of respondents reported a demonstrable ROI from AI projects, and 84% expect results within a year. The survey underscores the need for clean, reliable data and strategic partnerships to enhance AI trust and integration.
Teradata (NYSE: TDC) announced the private preview availability of Teradata AI Unlimited in Microsoft Fabric at Microsoft Build. This on-demand AI/ML workload offers seamless integration and frictionless access to ClearScape Analytics, enabling rapid AI innovation and use case development within the Microsoft ecosystem.
Users pay only for the time spent, mitigating cost concerns. The SaaS deployment aims to simplify user adoption through its intuitive interface, eliminating complex configurations. Key features include embedded notebooks, financial customer journey insights, customer behavior analysis, segmentation, and data preparation with Teradata VantageCloud's processing power.
Teradata AI Unlimited in Microsoft Fabric will be available in private preview in June 2024, continuing Teradata's commitment to fostering AI innovation.
Teradata (NYSE: TDC) will be presenting at investor conferences including J.P. Morgan Global Technology Conference and TD Cowen Technology Conference. The presentations will be webcast live and available for replay. Teradata provides cloud analytics and data platform for AI, enabling confident decision-making and impactful business results.
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