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Mar 31, 2020
Teradata Q1 2020 Earnings Report
Teradata's first-quarter results were negatively impacted by COVID-19, with recurring revenue increasing and the company progressing on cloud and go-to-market efforts.
Key Takeaways
Teradata reported a decrease in total revenue to $434 million compared to $468 million in the first quarter of 2019, but net income increased significantly to $168 million, or $1.51 per diluted share, compared to a net loss of $(10) million, or $(0.09) per share, in the same period last year. The company is withdrawing its full-year 2020 guidance due to uncertainties relating to COVID-19.
Teradata continued to make progress on key Cloud, Vantage, and Go-to-market efforts in the first quarter.
The Company’s technology is critical in supporting customers during COVID-19 and Teradata used this opportunity to further support customers and deepen relationships.
Teradata’s first-quarter results were negatively impacted by COVID-19.
The Company is withdrawing its full-year 2020 guidance due to uncertainties relating to COVID-19.
Revenue by Segment
Forward Guidance
Due to the evolving nature and uncertain impact of COVID-19 on Teradata’s operating and financial results, the Company is withdrawing its guidance for the full-year 2020. For the second quarter of 2020, Teradata expects recurring revenue in the range between $348 million and $352 million. GAAP loss per share in the second quarter of 2020 is expected to be in the $(0.09) to $(0.06) range. Non-GAAP earnings per share, excluding stock-based compensation expense and other special items, in the second quarter is expected to be in the $0.19 to $0.22 range
Positive Outlook
- Recurring revenue in the second quarter of 2020 is expected to be in the range between $348 million and $352 million.
Challenges Ahead
- The Company is withdrawing its guidance for the full-year 2020 due to the evolving nature and uncertain impact of COVID-19.
- GAAP loss per share in the second quarter of 2020 is expected to be in the $(0.09) to $(0.06) range.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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