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Mar 31, 2022
Teradata Q1 2022 Earnings Report
Teradata reported first quarter 2022 financial results.
Key Takeaways
Teradata had a solid start to 2022 with strong profitable growth and free cash flow generation. Public cloud ARR increased by 69% year-over-year, and total revenue increased by 1%.
Public cloud ARR of $209 million, an increase of 69% as reported and 70% in constant currency from the prior year period.
First quarter total revenue of $496 million, an increase of 1% as reported and 4% in constant currency.
First quarter recurring revenue of $386 million, an increase of 4% as reported and 6% in constant currency from the prior year period.
First quarter GAAP earnings per diluted share of $0.33.
First quarter Non-GAAP earnings per diluted share of $0.65.
First quarter cash from operations of $151 million and free cash flow of $150 million.
Revenue by Segment
Forward Guidance
Teradata affirms public cloud ARR is expected to increase by approximately 80% year-over-year. Cash flow from operations is expected to be approximately $425 million, and free cash flow is expected to be approximately $400 million.
Positive Outlook
- Public cloud ARR is expected to increase by approximately 80% year-over-year, as reported and in constant currency.
- Cash flow from operations is expected to be approximately $425 million.
- Free cash flow is expected to be approximately $400 million.
Challenges Ahead
- Total ARR is now projected to decline in the low-single-digit percentage range year-over-year as reported.
- Total recurring revenue is now anticipated to decline in the low-to-mid-single-digit percentage range year-over-year as reported.
- Total revenue is now expected to decline in the mid-to-high-single-digit percentage range year-over-year as reported.
- GAAP diluted EPS is now expected to be in the range of $0.45 to $0.55 versus the range of $0.75 to $0.85 previously provided.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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