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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 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.
Teradata renewed and expanded its Strategic Collaboration Agreement with AWS to support cloud migration, modernize data analytics, and maximize AI value. The collaboration will unlock industry-vertical use cases and generative AI opportunities, enhancing customer experience and accelerating AI/ML projects. Customers benefit from fast, flexible cloud access, simplified AWS Marketplace access, industry cloud solutions, and generative AI analytics use cases.
Teradata (NYSE: TDC) is embracing open table formats like Apache Iceberg and Delta Lake to build an open and connected ecosystem for AI. The company's AI Unlimited is moving to public preview on AWS and Azure marketplaces in Q2 2024, with new integrations with modern data stack tools to increase customer productivity.
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