Welcome to our dedicated page for Teradata news (Ticker: TDC), a resource for investors and traders seeking the latest updates and insights on Teradata stock.
Teradata Corporation reports developments in enterprise data, analytics, and AI infrastructure for large organizations. Company news centers on the Teradata Autonomous AI and Knowledge platform, the Autonomous Knowledge Platform, Analyst Agent, and Enterprise Vector Store, including deployments across cloud, on-premises, and hybrid environments.
Recurring updates also cover financial results and operating metrics such as annual recurring revenue, public cloud ARR, and recurring revenue. Other announcements address marketplace availability, data science and machine learning recognition, partner and channel activity, industry customer engagements, and product capabilities for governed AI agents, vector search, conversational analytics, and structured and unstructured data.
Teradata Corporation (NYSE: TDC) will announce its fiscal fourth quarter and full year financial results for 2022 before market open on February 13, 2023. A conference call and live webcast will occur at 5 a.m. PT to discuss these results and provide a financial outlook for 2023. Investors can access the live webcast on Teradata's Investor Relations page.
Teradata offers a multi-cloud data platform for enterprise analytics, aimed at resolving business challenges efficiently.
Teradata (TDC) announced its top ranking in all Analytical Use Cases in the 2022 Gartner Critical Capabilities for Cloud Database Management Systems, scoring highly in Traditional Data Warehouse (4.71), Logical Data Warehouse (4.85), Data Lake (4.25), and Streaming Analytics (4.25). Additionally, Teradata was named a Leader in the 2022 Gartner Magic Quadrant. This recognition highlights Teradata's robust analytics platform and its growing importance in data management for major enterprises, including 17 of the top 20 global banks.
Teradata (NYSE: TDC) and Vcinity have announced a strategic alliance aimed at enhancing data connectivity across cloud, hybrid, and on-premises environments. The collaboration allows organizations to access remote data quickly, improving operational efficiency and reducing costs associated with data management. Key features include instant access to non-local data, enhanced performance for sensitive datasets, and faster data movement capabilities. This joint solution addresses challenges faced by global enterprises, particularly regarding regulatory compliance and data governance.
Teradata (TDC) announced its participation as a Diamond sponsor at AWS re:Invent 2022, taking place from November 28 to December 2 in Las Vegas. The company will showcase innovations in cloud analytics, including live demos of its cloud-native product, VantageCloud Lake, and ClearScape Analytics. The event allows Teradata to demonstrate how its analytics solutions leverage AI and ML for better data accessibility. Attendees can engage with experts and attend breakout sessions focused on practical applications of Teradata's solutions in cloud environments.
Teradata (NYSE: TDC) reported Q3 2022 results with public cloud ARR reaching $279 million, a significant 89% increase year-over-year. However, total recurring revenue decreased by 6% to $331 million. GAAP earnings per share (EPS) were $0.08, down from $0.15, while non-GAAP EPS fell to $0.31 from $0.43. The company expects total revenue and total recurring revenue to decline in the mid-to-high-single-digit percentage range for FY 2022. Cash from operations was $34 million, with free cash flow at $31 million.
Teradata (TDC) has partnered with the New York Giants as their official analytics provider, utilizing the newly launched VantageCloud Lake to enhance fan experiences. This collaboration will aggregate and analyze customer data to improve insights into fan behavior and preferences. By leveraging Teradata's cloud analytics platform, the Giants aim to provide personalized offerings, enriching the overall customer journey. The initiative highlights Teradata's commitment to delivering powerful analytics solutions that can drive innovation and customer satisfaction in competitive sports environments.
Teradata Corporation (NYSE: TDC) will release its third quarter financial results on November 7, 2022, after market close. A conference call is scheduled for 2 p.m. PT on the same day to discuss these results and provide a business and financial update. The live webcast will be accessible via the Investor Relations page. This announcement highlights the company's ongoing commitment to transparency and investor engagement.
Kyndryl (NYSE: KD) and Teradata (NYSE: TDC) have announced a strategic global partnership aimed at leveraging AI and data modernization to enhance business outcomes for customers. This collaboration combines Kyndryl's infrastructure management and Data and AI services with Teradata's cloud analytics capabilities. The partnership will focus on modernizing on-prem data warehouses and delivering industry-specific analytics services across various sectors, including manufacturing, financial services, and retail.
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Teradata (TDC) and ActionIQ have entered a strategic partnership to enhance enterprise IT's control over customer data through the integration of AIQ's HybridCompute technology with the Teradata VantageCloud analytics platform. This collaboration aims to maximize existing technology investments while providing seamless access to secure customer data. Key benefits include improved customer insights, greater data governance, and cost control. HybridCompute will empower IT and business users to manage and activate data effectively, fostering faster decision-making and innovation.