Welcome to our dedicated page for TERADATA CORPORATION news (Ticker: TDC), a resource for investors and traders seeking the latest updates and insights on TERADATA CORPORATION stock.
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 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.
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.
Teradata Corporation (NYSE: TDC) will announce its Q1 2022 financial results on May 5, 2022, after market close. A conference call and live webcast will follow at 2 p.m. PT on the same day for discussing the results and providing a business update. Investors can access the live webcast and replay via the Investor Relations page on the Teradata website.
Teradata offers a connected multi-cloud data platform, addressing enterprise analytics needs and managing extensive data workloads.
Teradata (TDC) has successfully completed one of the largest-scale cloud analytic tests in the industry on Amazon Web Services (AWS). The test demonstrated the ability to run complex analytic workloads on a single system of over 1,000 nodes, with 1,023 active users, and without any downtime. This success illustrates the increasing demand for scalable data analytics and the capabilities of Teradata's analytic platform, which is crucial for enterprises managing vast data and numerous applications. This achievement reinforces Teradata's leadership position in cloud database management.
Teradata Corporation (NYSE: TDC) has initiated a $250 million accelerated share repurchase (ASR) agreement with JPMorgan Chase Bank as part of its $1 billion share repurchase program. This move leaves approximately $913 million available for future repurchases. The company will initially receive around 3.9 million shares, approximately 80% of the expected total, based on a closing price of $50.89 on February 8, 2022. The ASR will be funded from cash on hand, aiming to enhance shareholder value.
Teradata (NYSE: TDC) reported strong cloud business momentum for its Vantage platform, driven by diverse industries worldwide. According to Gartner, cloud-managed DBMS service revenue is skyrocketing, representing 93% of overall growth. Teradata's Vantage enables complex data analytics across multiple clouds, supporting large enterprises' needs. The company secured various cloud deals in sectors like finance and healthcare, emphasizing scalability and reliable performance. Teradata aims to enhance customer analytics ecosystems, promising significant business insights and agility.
FAQ
What is the current stock price of TERADATA CORPORATION (TDC)?
What is the market cap of TERADATA CORPORATION (TDC)?
What does Teradata Corporation do?
What industries does Teradata serve?
Where can I find more information about Teradata?
What are some of Teradata's key products?
How does Teradata help businesses with marketing?
What recent advancements has Teradata made?
What is a significant source of Teradata's revenue?
How does Teradata contribute to decision-making processes?
What is the focus of Teradata's consulting services?