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Sep 30, 2020
Teradata Q3 2020 Earnings Report
Teradata's Q3 2020 financial results were reported, showcasing progress in business with increasing adoption of their cloud data analytics platform, Vantage.
Key Takeaways
Teradata reported a strong third quarter with recurring revenue exceeding guidance and ARR increasing. The company is focused on Cloud-First initiatives and saw strong recurring revenue and free cash flow.
Recurring revenue of $365 million exceeded the Company’s guidance range.
Annual recurring revenue (ARR) increased 8% from the third quarter of 2019.
Cash from operations and free cash flow exceeded the Company’s expectations.
Non-GAAP EPS was $0.43, exceeding guidance range of $0.28 to $0.31.
Revenue by Segment
Forward Guidance
For the fourth quarter of 2020, Teradata expects recurring revenue between $371 million and $373 million. GAAP loss per share in the fourth quarter of 2020 is expected to be in the range of $(0.26) and $(0.24). Non-GAAP earnings per share in the fourth quarter is expected to be in the $0.23 to $0.25 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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