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Mar 31, 2023
Teradata Q1 2023 Earnings Report
Teradata's Q1 2023 financial results were reported, demonstrating growth in public cloud ARR and a large deal closure.
Key Takeaways
Teradata reported a 4% decrease in total revenue, but experienced an 86% increase in public cloud ARR and a 6% increase in total ARR. The company reaffirmed its full-year outlook for key metrics.
Public cloud ARR increased by 86% to $388 million.
Total ARR grew by 6% to $1.506 billion.
Total revenue decreased by 4% to $476 million.
GAAP EPS was reported at $0.39, while Non-GAAP EPS reached $0.61.
Revenue by Segment
Forward Guidance
Teradata provided guidance for the second quarter of 2023 and reaffirmed its full-year 2023 outlook, updating the EPS and cash flow from operations guidance.
Positive Outlook
- GAAP diluted EPS is expected to be in the range of $0.14 to $0.18 for Q2 2023.
- Non-GAAP diluted EPS is expected to be in the range of $0.43 to $0.47 for Q2 2023.
- Public cloud ARR is expected to increase in the range of 53% to 57% year-over-year for full year 2023.
- Total ARR is expected to increase in the range of 6% to 8% year-over-year for full year 2023.
- Recurring revenue is expected to increase in the range of 4% to 7% year-over-year for full year 2023.
Challenges Ahead
- GAAP diluted EPS is narrowed to be in the range of $0.65 to $0.77 for the full year 2023.
- Non-GAAP diluted EPS is narrowed to be in the range of $1.92 to $2.04 for the full year 2023.
- Cash flow from operations is now expected to be in the range of $340 million to $380 million for the full year 2023.
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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