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Mar 31, 2024
Teradata Q1 2024 Earnings Report
Teradata's first quarter results for 2024 were announced, featuring a 36% increase in public cloud ARR in constant currency and a cloud net expansion rate of 123%.
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.
Revenue by Segment
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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