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 (NYSE: TDC) has announced a collaboration with NVIDIA to enhance its Vantage platform with NVIDIA AI capabilities. This integration aims to accelerate AI workloads and support the development of large language models (LLMs), agentic workflows, and retrieval-augmented generation (RAG) applications for large enterprises using public and private clouds.
Key points:
- Integration of NVIDIA NeMo and NIM microservices into Vantage platform
- Support for small language models (SLMs) and open LLMs in VantageCloud Lake
- NVIDIA AI accelerated computing infrastructure offered on Teradata's platform
- NVIDIA NeMo Retriever to be offered on Teradata VantageCloud
- Availability of NVIDIA AI accelerated compute on AWS in November, with additional capabilities in Q4 and 2025
Teradata (NYSE: TDC) has announced new capabilities for VantageCloud Lake and ClearScape Analytics to simplify generative AI (GenAI) implementation for enterprises. The company introduced a bring-your-own LLM (BYO-LLM) feature, allowing customers to use small or mid-sized open-source language models for specific business needs. This approach aims to provide cost-effective and immediate ROI from GenAI initiatives.
Teradata has also integrated with NVIDIA's full-stack AI accelerated computing platform, offering customers the flexibility to use either GPUs or CPUs based on LLM complexity. The new capabilities support LLM inferencing and fine-tuning, enhancing model accuracy and efficiency. These features are designed to maximize security, privacy, and trust while minimizing data movement costs.
Teradata (NYSE: TDC) announced the speaker lineup and agenda highlights for Possible 2024: Los Angeles, a global event focusing on AI innovation and technology. The three-day event will explore solutions in AI/ML, data, and cloud technologies, offering hands-on training and breakout sessions. Attendees will learn about in-database analytics that can reduce data prep time, speed up model training, and accelerate model deployment.
Keynote speakers include Dr. Radhika Dirks, CEO of XLabs AI, and customer speakers from the New York Giants and OSF HealthCare. The event will feature sessions from various companies discussing AI and data analytics applications in their businesses, including Amazon Marketplace, American Airlines, AWS, and Microsoft.
Teradata (NYSE: TDC) has announced new features for its ClearScape Analytics platform at Possible 2024: London. These enhancements aim to maximize AI/ML investments and boost data science productivity for organizations. Key updates include:
1. Spark to ClearScape Analytics conversion tool to reduce complexity and costs
2. AutoML for automated model training
3. KNIME Integration for no-code/low-code data science workflows
4. New self-service UX enhancements for easier data access
5. Open-source ML support on VantageCloud
These features address challenges in AI/ML processes, aiming to streamline operations, reduce costs, and accelerate AI initiatives for both technical and non-technical users.
Teradata (NYSE: TDC) has announced its participation in Citi's 2024 Global TMT Conference in New York, NY on September 4th at 4:40 p.m. ET. Steve McMillian, President and CEO, will be presenting. The presentation will be webcast live and available for replay on Teradata's Investor Relations page for 30 days.
Teradata offers a complete cloud analytics and data platform for AI, focusing on delivering harmonized data and trusted AI to enable confident decision-making and drive impactful business results. The company believes in empowering people with trusted information for more effective outcomes.
The Schall Law Firm has announced a class action lawsuit against Teradata (NYSE:TDC) for alleged violations of securities laws. The lawsuit covers investors who purchased Teradata securities between February 13, 2023, and February 12, 2024. The firm claims that Teradata made false and misleading statements about its expanded business model and ability to close customer deals timely. Investors are encouraged to contact the firm before August 13, 2024, to discuss their rights. The class has not yet been certified, and affected shareholders can choose to participate or remain absent class members. The Schall Law Firm specializes in securities class action lawsuits and shareholder rights litigation.
Teradata (NYSE:TDC) has been named the official cloud analytics partner for the Los Angeles Clippers and Intuit Dome, the team's new arena opening Aug. 15, 2024. As a Founding Partner, Teradata will have special entitlement of the arena's Halo Loft Level. The partnership will leverage Teradata VantageCloud Lake for cloud analytics and AI technologies to enhance the fan experience.
The Teradata Halo Loft Level will offer premium hospitality with unique tech amenities. Intuit Dome, featuring innovative design elements like The Wall and the largest double-sided Halo Board, aims to redefine live experiences for sports and music events in Los Angeles.
Teradata announced its second quarter 2024 financial results, noting significant performance in cloud services but a decline in overall revenue.
Key highlights include:
- Public cloud ARR of $542M, up 31% year-over-year
- GAAP operating margin of 15.1%, up 800 basis points
- Non-GAAP operating margin of 22%, up 640 basis points
- GAAP diluted EPS of $0.38, up 124%
- Non-GAAP diluted EPS of $0.64, up 33%
However, total ARR decreased by 4% and total revenue fell by 6% to $436M.
The company also announced a global restructuring plan to optimize operations, reducing its workforce by 9-10%. This is expected to cut operating expenses by $75M-$80M annually, though initial costs will be $45M-$50M.
For Q3 2024, Teradata forecasts GAAP diluted EPS of $0.14-$0.18 and non-GAAP diluted EPS of $0.54-$0.58. Full-year 2024 guidance includes public cloud ARR growth of 28%-32% and total ARR decline of 2%-4%.
Teradata (NYSE: TDC) has announced a new integration of the DataRobot AI Platform with Teradata VantageCloud and ClearScape Analytics. This partnership aims to maximize AI potential for enterprises by providing greater flexibility in building and scaling AI models. Key features include:
1. Importing and operationalizing DataRobot's AI models at scale within VantageCloud
2. Access to advanced analytics for more users across the enterprise
3. Deployment of models with accountability, security, and trust
4. Scalable AI operationalization across all cloud providers and on-premises
5. Cost-effective scaling of DataRobot models for VantageCloud users
The integration is available today, offering enterprises the ability to accelerate AI adoption and innovation while maintaining trust and governance.
Teradata (NYSE: TDC) has announced the release date for its 2024 second quarter financial results. The company will unveil its earnings after the market closes on Monday, August 5, 2024. Following the release, Teradata will host a conference call and live webcast at 2 p.m. PT on the same day to discuss the results and provide a business and financial update. Investors and interested parties can access the live webcast and replay on the Investor Relations page of Teradata's website at investor.teradata.com.