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 Q3 2021 financial results post-market on November 4, 2021. This will be followed by a conference call at 2 p.m. PT to discuss the results and provide a business update. Investors can access the live webcast and replay through the Investor Relations page. Teradata specializes in multi-cloud data analytics, offering solutions for handling complex data workloads with flexibility.
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Teradata (NYSE: TDC) has announced the continuation of its partnership with Tesco PLC, utilizing Teradata Vantage for its data platform needs. This collaboration enhances Tesco's ability to access and analyze data flexibly without the need for new tools. Vantage integrates various technologies, allowing Tesco to consolidate its data landscape efficiently. The platform supports enterprise analytics, enabling firms like Tesco to eliminate data silos and optimize their data usage across various environments. This reaffirmation highlights Teradata's commitment to providing innovative solutions for its clients.
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Teradata (NYSE: TDC) presented long-term growth targets at its virtual Investor Day, aiming for over $1 billion in Cloud Annual Recurring Revenue (ARR) and $550 million in free cash flow by fiscal 2025. The company reaffirms its fiscal 2021 outlook, projecting at least 100% growth in public cloud ARR year-over-year. Teradata's strategy emphasizes its hybrid, multi-cloud solutions and is supported by a strong leadership team and a global workforce of over 7,000.
Teradata has introduced a new functionality called Bring Your Own Model (BYOM) for its Vantage platform, enhancing businesses' ability to operationalize AI and ML projects at scale. This capability allows users to integrate externally developed predictive models seamlessly, increasing ROI through better model deployment and analytics. Teradata’s Analytics 1-2-3 framework ensures efficient data processes and supports diverse analytic needs. The BYOM feature is available globally to all Vantage customers, empowering enterprises to tackle complex data challenges effectively.
Teradata (NYSE: TDC) will host a Virtual Investor Day on September 9, 2021, at 11:30 a.m. PT, lasting about three hours. This event aims to share insights into:
- Teradata's vision for profitable growth,
- Growth drivers in the data analytics market,
- The management team's approach to business transformation.
The event includes a live Q&A session and will be accessible online via Teradata’s investor relations page.
Teradata (TDC) reported significant adoption of its Teradata Vantage cloud data analytics platform in early 2021. The CEO, Steve McMillan, has prioritized a cloud-first strategy to enhance customer value and facilitate seamless migration to the cloud. Vantage enables enterprises to address complex data challenges across multi-cloud environments, leveraging partnerships with AWS, Azure, and Google Cloud. Notable clients include Activision Blizzard, CVS, and MGM Resorts, highlighting Teradata's growing presence in the cloud analytics sector.
Teradata (NYSE: TDC) announced its Q2 2021 financial results with notable growth across key metrics. Public cloud ARR surged 157% to $139 million, while total revenue rose 7% to $491 million. The company achieved a GAAP gross margin of 63.1%, with GAAP EPS at $0.39 compared to a loss of $0.40 a year prior. For Q3 2021, public cloud ARR is forecasted to increase by at least 90%. The company raised its full-year guidance, expecting recurring revenue growth of high-single-digit to low-double-digit percentages and GAAP EPS between $0.78 and $0.82, reflecting strong operational performance.
Teradata (NYSE: TDC) has joined the TM Forum, an alliance of over 850 global tech and telecom companies. This partnership aims to facilitate the migration of telecommunications companies to cloud-based infrastructures. With a history of supporting the telecom sector for 40 years, Teradata intends to collaborate on digital transformation initiatives using its Vantage software platform. The TM Forum provides resources for managing digital transformation, problem-solving, and fostering innovation, making Teradata a key player in shaping future industry standards.