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Teradata
🇺🇸 NYSE:TDC
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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.

Total Revenue
$496M
Previous year: $491M
+1.0%
EPS
$0.65
Previous year: $0.69
-5.8%
GAAP Gross Margin
60.7%
Previous year: 62.5%
-2.9%
Non-GAAP Gross Margin
62.9%
Previous year: 64.2%
-2.0%
GAAP Operating Margin
13.7%
Previous year: 16.5%
-17.0%
Gross Profit
$301M
Previous year: $307M
-2.0%
Cash and Equivalents
$404M
Previous year: $538M
-24.9%
Free Cash Flow
$150M
Previous year: $105M
+42.9%
Total Assets
$1.9B
Previous year: $2.2B
-14.0%

Teradata

Teradata

Teradata 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.
  • Non-GAAP diluted EPS is now expected to be in the range of $1.55 to $1.65 versus the range of $1.82 to $1.92 previously provided.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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