Teradata Q1 2024 Earnings Report
Key Takeaways
Teradata reported its first quarter 2024 financial results, with public cloud ARR growing 36% year over year in constant currency. The company is focused on improving execution and achieving long-term profitable growth targets. While cloud ARR growth was slightly below expectations, the company is pleased with its sustained strong cloud net expansion rate of 123%.
Public cloud ARR increased by 35% to $525 million, or 36% in constant currency.
Cloud net expansion rate was 123%.
GAAP diluted EPS was $0.20, compared to $0.39 per share.
Non-GAAP diluted EPS was $0.57, compared to $0.61 per share.
Teradata
Teradata
Teradata Revenue by Segment
Teradata Revenue by Geographic Location
Forward Guidance
For the second quarter of 2024, GAAP diluted EPS is expected to be in the range of $0.17 to $0.21 per share, and non-GAAP diluted EPS is expected to be in the range of $0.46 to $0.50 per share. For the full year 2024, Teradata expects GAAP diluted EPS to be in the range of $1.00 to $1.16 per share and non-GAAP diluted EPS to be in the range of $2.15 to $2.31 per share.
Positive Outlook
- Total ARR growth of 4% to 8% year-over-year, in constant currency.
- Recurring revenue growth of 1% to 3% year-over-year, in constant currency.
- Total revenue growth of 0% to 2% year-over-year, in constant currency.
- Public cloud ARR growth of 35% to 41% year-over-year, in constant currency.
- Cash flow from operations of $360 million to $400 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income