Teradata Soars on Strong Earnings and Demand for Cloud
Teradata Soars on Strong Earnings and Demand for Cloud
Shares soared Friday after the data-analytics company reported stronger-than-expected fourth-quarter earnings (triple-digit cloud growth), benefiting from corporate demand for enterprise software and cloud services.
Annual recurring revenue (ARR) increased 11% from the prior year period(1)
Public cloud ARR increased to $106 million, a 165% increase from the end of 2019(1)
Fourth-quarter recurring revenue of $383 million versus $350 million, an increase of 9% reported and 8% in constant currency , and exceeded the Company’s guidance of $371 million to $373 million(1)
Fourth-quarter earnings per diluted share (EPS), cash from operations and free cash flow(2) exceeded the Company’s expectations
finance.yahoo.com/news/teradata-reports-fourth-quarter-full-210500439.html
Shares soared Friday after the data-analytics company reported stronger-than-expected fourth-quarter earnings (triple-digit cloud growth), benefiting from corporate demand for enterprise software and cloud services.
Annual recurring revenue (ARR) increased 11% from the prior year period(1)
Public cloud ARR increased to $106 million, a 165% increase from the end of 2019(1)
Fourth-quarter recurring revenue of $383 million versus $350 million, an increase of 9% reported and 8% in constant currency , and exceeded the Company’s guidance of $371 million to $373 million(1)
Fourth-quarter earnings per diluted share (EPS), cash from operations and free cash flow(2) exceeded the Company’s expectations
finance.yahoo.com/news/teradata-reports-fourth-quarter-full-210500439.html
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