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 the appointment of Sumeet Arora as its new Chief Product Officer, effective April 28, 2025. Arora, former Chief Development Officer at ThoughtSpot, will lead Teradata's product organization and oversee the company's product portfolio strategy.
In his previous role at ThoughtSpot, Arora led global engineering, product, and design teams for their AI-powered data analytics platform. Before that, he served as SVP and GM of Service Provider Networking at Cisco, managing their multi-billion-dollar Service Provider routing portfolio.
Reporting to CEO Steve McMillan, Arora will be responsible for defining and executing the strategy for Teradata's product portfolio while leading product and engineering teams. His appointment aims to strengthen Teradata's position in delivering Trusted AI and data analytics solutions across on-premises and multi-cloud environments.
Teradata (NYSE: TDC) has unveiled its new Enterprise Vector Store, an in-database solution designed to enhance vector data management for Trusted AI applications. The platform will integrate NVIDIA NeMo Retriever microservices to deliver sub-second response times and process billions of vectors efficiently.
The solution enables organizations to combine structured and unstructured data, supporting various formats including text, video, images, and PDFs. Key features include embedding generation, indexing, metadata management, and intelligent search capabilities, with response times as quick as tens of milliseconds.
The Enterprise Vector Store supports frameworks like LangChain and RAG (retrieval-augmented generation), while offering temporal vector embedding capabilities to track data changes over time. The platform demonstrates its practical application through an augmented call center use case, showcasing real-time customer service enhancement using AI agents.
The product is currently available in private preview, with general availability expected in July.
Teradata (NYSE: TDC) has appointed Michael Hutchinson as Chief Operating Officer. Hutchinson, who previously served as Chief Customer Officer since January 2022, will oversee global operations including IT, information security, strategy and operations, while maintaining leadership of Teradata Global Customer Services.
Prior to joining Teradata in June 2021 as Senior Vice President of Worldwide Customer Success, Consulting and Renewals, Hutchinson held positions at Verint as SVP & Chief Customer Officer and spent nearly 30 years at Oracle, ultimately serving as Global Vice President, North America Customer Success. During his tenure at Teradata, he has successfully led customer experience initiatives, achieving notable improvements in Net Promoter Score, retention, and use-case expansion.
Teradata (NYSE: TDC) has announced its participation in Morgan Stanley's 2025 Technology, Media & Telecom Conference in San Francisco. The company's President and CEO, Steve McMillan, will present on March 4th at 9:15 a.m. PT / 12:15 p.m. ET.
The presentation will be accessible through a live webcast on Teradata's Investor Relations website (investor.teradata.com) and will remain archived for 30 days. Teradata positions itself as a provider of comprehensive cloud analytics and data platform for AI, focusing on delivering harmonized data and trusted AI to enable confident decision-making and faster innovation for organizations.
Teradata (TDC) reported its Q4 and full-year 2024 financial results, showing mixed performance. Public cloud ARR grew 15% to $609 million, while total ARR decreased 6% to $1.474 billion. The company's full-year GAAP diluted EPS increased 90% to $1.16, and non-GAAP diluted EPS rose 17% to $2.42.
Key financial highlights for 2024 include total revenue of $1.750 billion (down 5% from 2023), recurring revenue of $1.479 billion (85% of total revenue), and free cash flow of $277 million. The company announced a CFO transition, with Claire Bramley departing March 31, and Charles Smotherman appointed as Interim CFO.
For 2025, Teradata projects public cloud ARR growth of 14-18%, total ARR growth of 0-2%, and expects GAAP diluted EPS between $1.05-$1.15. The company forecasts total revenue decline of 4-6% and free cash flow between $250-280 million.
Teradata (NYSE: TDC) has scheduled its fourth quarter and full-year 2024 financial results release for Tuesday, February 11, 2025, after market close. The company will host a conference call and live webcast at 1:30 p.m. PT on the same day to discuss the results and provide updates on business operations, including its 2025 financial outlook.
Investors can join the conference call by dialing (404) 975-4839 with access code 357044. International participants can find their regional dial-in numbers on Teradata's website. Both the live webcast and replay will be available on the company's Investor Relations page at investor.teradata.com.
Teradata (NYSE:TDC) has announced an enhanced partnership with AWS to deliver 'rapid-start' Gen AI use cases through Teradata VantageCloud integration with Amazon Bedrock. The integration provides access to 60+ Gen AI use cases across various industries and functions, allowing customers to leverage foundational models from AI companies like AI21 Labs, Anthropic, and Meta. According to a survey, 84% of AI executives expect results from AI projects within a year of deployment. The integration will be available in Q2 2025, offering highly scalable APIs and solution-specific accelerators to implement Gen AI use cases efficiently and cost-effectively.
Teradata announced that Teradata AI Unlimited is now available for public preview through the Microsoft Fabric Workload Hub. This serverless compute engine integrates ClearScape Analytics functionality with Microsoft Fabric and OneLake, offering over 150 AI/ML functions without requiring a Teradata VantageCloud subscription. The solution enables developers and data scientists to create self-service sandboxes for AI experimentation, eliminating infrastructure complexity. Users can process multiple billion-row datasets concurrently and leverage integrated SQL notebooks with pre-defined use cases. The service will be generally available through the Fabric Workload Hub ISV marketplace in 2025.
Teradata (NYSE: TDC) has announced its participation in three major investor conferences: RBC's 2024 Global TIMT Conference in New York on November 19th, Wells Fargo's 2024 TMT Summit in San Francisco on December 4th, and Barclay's 2024 Global TMT Conference in San Francisco on December 11th.
CEO Steve McMillian will present at RBC's conference, while CFO Claire Bramley will present at both Wells Fargo and Barclay's events. All presentations will be webcast live on Teradata's Investor Relations website and archived for 30 days.
Teradata (TDC) reported strong Q3 2024 results with notable cloud business growth. Public cloud ARR reached $570 million, up 26% year-over-year, with a cloud net expansion rate of 120%. GAAP diluted EPS increased 175% to $0.33, while non-GAAP diluted EPS rose 64% to $0.69. Cash flow from operations improved 88% to $77 million. Despite cloud growth, total ARR decreased 3% to $1.482 billion. The company increased its full-year 2024 EPS guidance and expects public cloud ARR growth of 18-22% in constant currency.