https://assets.capyfin.com/instruments/678fdc13234e27009c5d5d55.png avatar
Teradata
🇺🇸 NYSE:TDC
View Company
OverviewEarningsDividends
•
Mar 31, 2021

Teradata Q1 2021 Earnings Report

Teradata had a strong start to the year, exceeding expectations across key metrics with significant growth in public cloud ARR, profitability, and free cash flow.

Key Takeaways

Teradata reported strong Q1 2021 financial results, exceeding expectations in key metrics. Public cloud ARR increased significantly, along with profitability and free cash flow. The company's focus on profitable growth and the strength of Vantage are driving performance.

Public cloud ARR increased by $79 million, or 176% year-over-year, exceeding the outlook of at least 165%.

First-quarter recurring revenue was $372 million, an increase of 20% year-over-year.

Cash from operations was $110 million, an increase of $100 million year-over-year.

First-quarter GAAP earnings per diluted share was $0.47, above the previously provided outlook range of $0.11 to $0.13.

Total Revenue
$491M
Previous year: $434M
+13.1%
EPS
$0.69
Previous year: $0.27
+155.6%
GAAP Gross Margin
62.5%
Previous year: 51.8%
+20.7%
Non-GAAP Gross Margin
64.2%
Previous year: 54.1%
+18.7%
GAAP Operating Margin
16.5%
Gross Profit
$307M
Previous year: $225M
+36.4%
Cash and Equivalents
$538M
Previous year: $394M
+36.5%
Free Cash Flow
$105M
Previous year: -$2M
-5350.0%
Total Assets
$2.2B
Previous year: $2.15B
+2.4%

Teradata

Teradata

Teradata Revenue by Segment

Forward Guidance

Teradata is providing the following outlook for the full year 2021 and the second quarter of 2021.

Positive Outlook

  • Public cloud ARR is expected to increase by at least 100% year-over-year.
  • Total ARR is expected to grow at a mid- to high-single-digit percentage year-over-year.
  • Recurring revenue is expected to grow at a mid- to high-single digit percentage year-over-year.
  • Total revenue is expected to grow at a low-single-digit percentage year-over-year.
  • Cash flow from operations is now expected to be in the range of $320 million to $350 million, up from our prior outlook of at least $295 million

Challenges Ahead

  • GAAP diluted EPS is expected to be in the range of $0.17 to $0.19 for Q2 2021.
  • Non-GAAP diluted EPS, excluding stock-based compensation expense, reorganization-related expenses, and other special items, is expected to be in the range of $0.47 to $0.49 for Q2 2021.
  • Public cloud ARR is expected to increase by at least 155% year-over-year, or by $15 million to $20 million sequentially for Q2 2021.
  • Raising the following outlook for the full year 2021: GAAP earnings per diluted share is now expected to be in the range of $0.58 to $0.64, up from our prior outlook range of $0.43 to $0.51
  • Free cash flow is now expected to be in the range of $275 million to $300 million(2), up from our prior outlook of at least $250 million

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

View Teradata