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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) announced its ongoing partnership with Telefónica España, which is migrating its on-premises data analytics ecosystem to Vantage on Google Cloud. This transition showcases their 23-year collaboration, enabling Telefónica to leverage cloud scalability while maintaining the performance of Teradata's analytics platform. The migration is positioned as a low-risk and speedy cloud project that supports Telefónica's digital transformation efforts. The partnership aims to facilitate data-driven insights to enhance business outcomes.
Teradata Corporation (NYSE: TDC) will announce its 2021 fiscal fourth quarter and full year financial results on February 7, 2022, after the market closes. The company has scheduled a conference call at 2 p.m. PT on the same day to discuss the results and provide a business and financial update. The live webcast will be available on Teradata's Investor Relations page.
Teradata has appointed Michael Hutchinson as the new Chief Customer Officer to lead its recently formed Global Customer Services organization. This organization aims to enhance customer experiences and drive growth by integrating Customer Support, Consulting, and Education. Steve McMillan, President and CEO, emphasized the importance of customer-centric strategies in this transformation. Hutchinson, previously head of Customer Success, brings extensive experience from Verint and Oracle. The restructuring aims to optimize customer value and streamline operations.
Teradata (TDC) has been recognized as a leader in the 2021 Gartner Magic Quadrant for Cloud Database Management Systems and ranked highest in all analytical use cases in the Gartner Critical Capabilities report. The company’s Vantage multi-cloud data platform excels in key capabilities such as operational intelligence and seamless integration across cloud environments. This recognition validates Teradata’s commitment to optimizing its platform for connected multi-cloud ecosystems, enabling businesses to simplify analytics and eliminate data silos.
Teradata (NYSE: TDC) has launched new integration components for Dataiku, enhancing in-database analytic functions within the Teradata Vantage platform. This collaboration aims to improve agility for data analytics and machine learning projects, accelerating time-to-value for users. The integration simplifies data preparation and analytics processing while providing an intuitive interface for data teams. Available globally, this free integration supports various analytics methodologies, significantly enhancing productivity and insights for enterprises.
Teradata (NYSE: TDC) has announced that the iconic Australian retailer Target has migrated its Demand Chain Management (DCM) architecture to Teradata Vantage, hosted on Amazon Web Services (AWS). This move aims to enhance Target's ability to forecast sales and manage inventory by utilizing customer demand data. The partnership leverages Vantage’s capabilities for enterprise-scale analytics and multi-cloud deployment, facilitating improved decision-making and operational excellence. Target aims to modernize its technology stack to better understand demand and supply chain performance.
Teradata (NYSE: TDC) has announced the appointment of Jacqueline Woods as Chief Marketing Officer, effective December 6, 2021. Woods brings over 30 years of experience, previously serving at companies like IBM and NielsenIQ. She will oversee marketing strategies, customer generation, and brand management at Teradata. Woods succeeds Martyn Etherington, who will assist in the transition until December 2021. CEO Steve McMillan expressed confidence that Woods' expertise will bolster Teradata's cloud-first transformation and enhance customer relationships.
Teradata (NYSE: TDC) announced a three-year Strategic Collaboration Agreement with Amazon Web Services (AWS) aimed at enhancing product integration and accelerating cloud adoption for enterprises. This partnership will facilitate the use of Teradata Vantage on AWS, simplifying data management and cloud migration for various business personas. Key benefits include industry-specific solutions, advanced data sharing capabilities, and streamlined billing through AWS Marketplace, ultimately enabling faster data insights and transformation efforts.
Teradata reported Q3 2021 results, with total revenue of $460 million, a slight increase from $454 million year-over-year. Public cloud ARR rose 83% to $148 million, while recurring revenue increased by 7% to $352 million. GAAP EPS was $0.15, exceeding prior forecasts, and non-GAAP EPS was $0.43, also above expectations. Cash flow from operations was $33 million and free cash flow totaled $23 million. A $1 billion share repurchase authorization was announced. The outlook for full-year ARR growth is affirmed at mid-to-high single-digits.
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