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Jun 30, 2021
Teradata Q2 2021 Earnings Report
Teradata's Q2 2021 financial results were reported, demonstrating growth in key metrics.
Key Takeaways
Teradata reported year-over-year growth in Q2 2021 across key metrics, including public cloud ARR, recurring revenue, profitability, and free cash flow, driven by the company's cloud-first plan and data management capabilities.
Public cloud ARR reached $139 million, a 157% increase year-over-year.
Recurring revenue increased by 16% year-over-year, reaching $376 million.
Cash from operations increased by $95 million year-over-year to $225 million.
Free cash flow increased by $104 million year-over-year to $219 million.
Teradata
Teradata
Teradata Revenue by Segment
Revenue by Segment
Perpetual Software, Hardware & Other Revenue
CapyFin.comConsulting Services Revenue
CapyFin.com Forward Guidance
Teradata provided guidance for Q3 2021 and affirmed/raised the outlook for the full year 2021.
Positive Outlook
- Public cloud ARR is expected to increase by at least 90% year-over-year in Q3 2021.
- Recurring revenue is now expected to grow at a high-single-digit to low-double-digit percentage year-over-year for full year 2021.
- Total revenue is now expected to grow at a low-single-digit to mid-single-digit percentage year-over-year for full year 2021.
- GAAP earnings per diluted share is now expected to be in the range of $0.78 to $0.82 for full year 2021.
- Cash flow from operations is now expected to be at least $440 million for full year 2021.
Challenges Ahead
- GAAP diluted EPS is expected to be in the range of $(0.01) to $0.03 for Q3 2021.
- Non-GAAP diluted EPS is expected to be in the range of $0.30 to $0.34 for Q3 2021.
- Capital expenditures are expected to be at least $40 million for full year 2021.
- Additions to capitalized software is expected to be at least $5 million for full year 2021.
- The company is still facing uncertain impact of the COVID-19 pandemic.
Revenue & Expenses
Visualization of income flow from segment revenue to net income