Teradata Q3 2023 Earnings Report
Key Takeaways
Teradata reported a 5% increase in total revenue to $438 million and a 63% increase in public cloud ARR to $454 million. The company's GAAP EPS was $0.12, and non-GAAP EPS was $0.42. They also executed share repurchases of $141 million during the quarter.
Public cloud ARR reached $454 million, a 63% increase year-over-year.
Total ARR increased by 11% to $1.524 billion compared to the prior year.
Recurring revenue increased by 9% to $360 million.
The company repurchased $141 million in shares, representing a 161% return of free cash flow year-to-date.
Teradata
Teradata
Teradata Revenue by Segment
Forward Guidance
For Q4 2023, GAAP diluted EPS is expected to be in the range of ($0.10) to ($0.06), and non-GAAP diluted EPS is expected to be in the range of $0.50 to $0.54.
Revenue & Expenses
Visualization of income flow from segment revenue to net income