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Teradata
🇺🇸 NYSE:TDC
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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.

Total Revenue
$454M
Previous year: $459M
-1.1%
EPS
$0.43
Previous year: $0.32
+34.4%
GAAP Gross Margin
55.9%
Previous year: 53.8%
+3.9%
Non-GAAP Gross Margin
61%
Previous year: 56%
+8.9%
GAAP Operating Margin
0.2%
Previous year: 2.2%
-90.9%
Gross Profit
$254M
Previous year: $247M
+2.8%
Cash and Equivalents
$533M
Previous year: $528M
+0.9%
Free Cash Flow
$58M
Previous year: -$26M
-323.1%
Total Assets
$2.12B
Previous year: $1.98B
+7.0%

Teradata

Teradata

Teradata 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

Company Overview

Full financial data and analysis

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