Teradata Stock Price, News & Analysis

Teradata (NYSE: TDC) has appointed Todd Cione as the new Chief Revenue Officer, effective January 4, 2021. Cione brings over 25 years of experience from major technology firms like Apple, Oracle, Rackspace, and Microsoft. He is recognized for driving sales growth and cloud transformations. CEO Steve McMillan welcomed Cione, expressing confidence in his ability to enhance Teradata's cloud-first strategy and improve revenue growth. Cione is committed to enhancing customer experiences and maintaining value for shareholders.

Teradata (NYSE: TDC) has announced enhancements to its Vantage platform, extending hybrid multi-cloud capabilities. The latest release of Teradata QueryGrid allows customers to access diverse data sources across various environments, optimizing analytics efficiency. New partnerships, including one with Starburst Data, enable integration with advanced technologies like MongoDB and Google BigQuery. Additionally, upgrades to the IntelliFlex platform improve performance, offering up to 40% enhancement on CPU-intensive tasks. These updates are now globally available, reflecting Teradata's commitment to data accessibility and performance.

Teradata (NYSE: TDC) announces the retirement of board members David Kepler and James Ringler, effective at the 2021 Annual Meeting of Stockholders, as part of its board succession planning. The board size will be reduced to nine members, with eight being independent. Kimberly Nelson, a board member since November 2019 and CFO of SPS Commerce, will become Chair of the Audit Committee on January 1, 2021. Chairman Michael Gianoni praised the retiring members for their service and emphasized the company’s commitment to corporate governance and its strong performance in the third quarter of 2020.

Teradata announced the appointments of Molly Treese as Chief Legal Officer and Erica Hausheer as Chief Information Officer, effective November 1. Treese has been with the company since 2007 and will oversee global legal affairs and compliance. Hausheer joins from 3D Systems, bringing extensive IT experience to lead Teradata's technology strategy. CEO Steve McMillan praised both executives for their leadership skills and vision to drive profitable growth in the cloud data analytics space, highlighting the company's transformation and market potential.

Teradata Corporation (NYSE: TDC) will release its 2020 third-quarter financial results on November 5, 2020, after market close. A conference call and live webcast will take place at 2 p.m. PT on the same day to discuss these results. The webcast will also be available for replay on the Teradata investor website.

Teradata specializes in cloud data analytics, designed for a multi-cloud environment, helping businesses unlock value from their data.

Teradata (NYSE: TDC) has unveiled flexible cloud pricing options to enhance data analytics solutions for enterprises. The new models—Blended and Consumption Pricing—offer organizations the ability to optimize their cloud investments based on usage patterns. Blended Pricing is ideal for high usage environments, while Consumption Pricing allows a pay-as-you-go approach for ad hoc queries. These options are designed to reduce costs, increase efficiency, and maximize return on investment while ensuring transparency in billing, responding to the need for agile solutions in a fast-changing market.

Teradata (NYSE: TDC) has announced the general availability of Teradata Vantage on Google Cloud, an as-a-service analytics offering. This platform unifies data lakes and warehouses, providing customers with secure and scalable analytics environments. The solution supports flexible deployment across on-premises and multi-cloud settings. Notably, Teradata's cloud offerings saw annual recurring revenue double in 2019 and are expected to double again this year. With a 99.9% availability SLA, Vantage enhances customer experience with features like Live Migration technology and robust integration capabilities.