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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) reported Q3 2022 results with public cloud ARR reaching $279 million, a significant 89% increase year-over-year. However, total recurring revenue decreased by 6% to $331 million. GAAP earnings per share (EPS) were $0.08, down from $0.15, while non-GAAP EPS fell to $0.31 from $0.43. The company expects total revenue and total recurring revenue to decline in the mid-to-high-single-digit percentage range for FY 2022. Cash from operations was $34 million, with free cash flow at $31 million.
Teradata (TDC) has partnered with the New York Giants as their official analytics provider, utilizing the newly launched VantageCloud Lake to enhance fan experiences. This collaboration will aggregate and analyze customer data to improve insights into fan behavior and preferences. By leveraging Teradata's cloud analytics platform, the Giants aim to provide personalized offerings, enriching the overall customer journey. The initiative highlights Teradata's commitment to delivering powerful analytics solutions that can drive innovation and customer satisfaction in competitive sports environments.
Teradata Corporation (NYSE: TDC) will release its third quarter financial results on November 7, 2022, after market close. A conference call is scheduled for 2 p.m. PT on the same day to discuss these results and provide a business and financial update. The live webcast will be accessible via the Investor Relations page. This announcement highlights the company's ongoing commitment to transparency and investor engagement.
Kyndryl (NYSE: KD) and Teradata (NYSE: TDC) have announced a strategic global partnership aimed at leveraging AI and data modernization to enhance business outcomes for customers. This collaboration combines Kyndryl's infrastructure management and Data and AI services with Teradata's cloud analytics capabilities. The partnership will focus on modernizing on-prem data warehouses and delivering industry-specific analytics services across various sectors, including manufacturing, financial services, and retail.
Teradata (TDC) and ActionIQ have entered a strategic partnership to enhance enterprise IT's control over customer data through the integration of AIQ's HybridCompute technology with the Teradata VantageCloud analytics platform. This collaboration aims to maximize existing technology investments while providing seamless access to secure customer data. Key benefits include improved customer insights, greater data governance, and cost control. HybridCompute will empower IT and business users to manage and activate data effectively, fostering faster decision-making and innovation.
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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