Teradata Stock Price, News & Analysis

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.

Teradata (TDC) has announced the integration of its Vantage multi-cloud data platform with H2O AI Hybrid Cloud, enabling businesses to build AI solutions faster and at scale. This integration addresses challenges posed by disconnected data and analytics, streamlining the AI development process. Customers can utilize familiar programming languages for machine learning tasks, enhancing productivity. The solution supports a wide array of AI applications, such as fraud detection and customer churn analysis. The integration is now available globally, positioning Teradata and H2O.ai for increased enterprise demand.