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


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