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Jun 30, 2020
Teradata Q2 2020 Earnings Report
Teradata exceeded expectations in Q2 2020, demonstrating resilience amidst the COVID-19 pandemic.
Key Takeaways
Teradata reported second-quarter revenue of $457 million, exceeding expectations. The company achieved 8% ARR growth, strong recurring revenue growth, significant free cash flow, and solid earnings per share. Despite a net loss of $(43) million under GAAP, non-GAAP net income was $26 million, or $0.24 per diluted share.
Second-quarter results exceeded Company expectations on key revenue, profit and cash flow metrics
Annual Recurring Revenue (ARR) increased 8% reported and 9% in constant currency from the same period of the prior year
Second-quarter recurring revenue of $358 million exceeded Company’s guidance range
Operating cash flow improved to $130 million and free cash flow totaled $115 million
Revenue by Segment
Forward Guidance
For the third quarter of 2020, Teradata expects recurring revenue between $359 million and $361 million. GAAP loss / earnings per share in the third quarter of 2020 is expected to be in the range of $(0.03) and $0.00. Non-GAAP earnings per share, excluding stock-based compensation expense and other special items, in the third quarter is expected to be in the $0.28 to $0.31 range.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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