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.
Overview
Teradata Corporation is a global entity renowned for its expertise in analytic data platforms, data integration, and marketing analytics. By harnessing advanced technology and integrated analytics, Teradata provides a comprehensive suite of solutions that enable organizations to collect, harmonize, and analyze their data with precision. This robust platform is designed for businesses aiming to convert disparate data sources into strategic insights, thereby driving improved operational performance and enriched customer experiences.
Business Model and Core Operations
At the heart of Teradata's operations lies a multifaceted business model that encompasses licensing of its analytics platforms, subscription-based access to cloud solutions, and tailored consulting services. The company equips enterprises with the capabilities to streamline data workflows and extract actionable insights that facilitate informed decision-making. Solutions such as Teradata VantageCloud, Teradata VantageCore, ClearScape Analytics, and Query Grid are integral components of its portfolio, reflecting the company's commitment to addressing complex data challenges through scalable, integrated solutions.
Market Position and Competitive Context
Positioned within a competitive landscape that includes multiple data analytics providers, Teradata differentiates itself through its comprehensive approach. Instead of offering isolated tools, the company delivers an end-to-end system that combines advanced analytics, secure data integration, and expert consultancy. This integrated approach not only supports enhanced business performance but also enables enterprises to gain deeper customer insights and streamline marketing efforts. The strategic emphasis on harmonized data and AI-driven analytics distinguishes Teradata from its peers, creating a niche for delivering reliable, long-term data solutions.
Value Proposition and Technological Innovation
Teradata's value proposition is built on its capacity to transform raw data into strategic assets through a seamless blend of technology and expertise. Businesses relying on its platforms can integrate vast datasets into a unified, accessible framework, fostering a data-driven culture that supports better operational decisions. The company’s continued innovation in incorporating trusted AI within its analytic platforms ensures that clients receive not only robust data management capabilities but also forward-thinking methodologies for leveraging insights across various market segments.
Implementation and Consulting Services
Beyond technological innovation, Teradata extends its value through professional consulting services that facilitate the successful implementation of its platforms. This approach ensures that enterprises not only have access to advanced tools but also the strategic guidance required to optimize data integration and analytics initiatives. The consulting services are designed to tailor solutions specific to each client’s operational complexities, reinforcing the company’s commitment to delivering measurable business improvements.
Operational Impact Across Industries
The impact of Teradata's solutions is evident across a spectrum of industries including retail, finance, healthcare, and manufacturing. Each industry benefits from a tailored approach to data challenges—whether it is refining marketing strategies, optimizing operational processes, or enhancing overall customer experiences. Teradata's platforms empower enterprises to consolidate their data environments, thus providing a clear, actionable view of business dynamics that supports sustained performance improvements.
Conclusion
In summary, Teradata Corporation stands as a vital resource in the realm of enterprise data solutions. Its integrated analytic platforms and insightful consulting services enable organizations to unlock the full potential of their data, drive improved business performance, and achieve a competitive advantage. Through its sophisticated blend of technology and expertise, Teradata continues to facilitate a deeper understanding of customer behavior and operational nuances, making it an indispensable component of the modern data ecosystem.
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.
Teradata reported first quarter 2024 financial results, with public cloud ARR reaching $525 million, a 35% increase. Despite a slight decrease in total ARR and revenue, the company remains confident in its long-term growth targets. GAAP diluted EPS was $0.20, while non-GAAP diluted EPS was $0.57. The company aims to improve execution, profitability, and shareholder value.
FAQ
What is the current stock price of Teradata (TDC)?
What is the market cap of Teradata (TDC)?
What does Teradata specialize in?
How does Teradata generate its revenue?
What are the core components of Teradata's offerings?
How does Teradata help businesses improve their operations?
Which industries benefit from Teradata's solutions?
How does Teradata differentiate itself from competitors?
What is the significance of Teradata's analytic data platforms?
