Teradata Q3 2024 Earnings Report
Key Takeaways
Teradata reported its Q3 2024 financial results, with a 26% increase in public cloud ARR, reaching $570 million. GAAP EPS increased by 175% year-over-year to $0.33, and non-GAAP EPS increased by 64% to $0.69. The company is focused on accelerating growth and improving execution.
Public cloud ARR increased by 26% year-over-year, reaching $570 million.
Cloud net expansion rate was 120%.
GAAP diluted EPS increased by 175% year-over-year to $0.33.
Free cash flow increased by 92% year-over-year to $69 million.
Teradata
Teradata
Teradata Revenue by Segment
Forward Guidance
For the fourth quarter of 2024, GAAP diluted EPS is expected to be in the range of $0.09 to $0.13 per share, and non-GAAP diluted EPS is expected to be in the range of $0.40 to $0.44 per share. For the full-year 2024, Teradata increases the GAAP diluted EPS to be in the range of $1.02 to $1.06 per share and non-GAAP diluted EPS to be in the range of $2.30 to $2.34 per share.
Positive Outlook
- GAAP diluted EPS is expected to be in the range of $0.09 to $0.13 per share for Q4 2024.
- Non-GAAP diluted EPS is expected to be in the range of $0.40 to $0.44 per share for Q4 2024.
- GAAP diluted EPS is expected to be in the range of $1.02 to $1.06 per share for full year 2024.
- Non-GAAP diluted EPS is expected to be in the range of $2.30 to $2.34 per share for full year 2024.
- Public cloud ARR growth of 18% to 22% year-over-year, in constant currency.
Challenges Ahead
- Total ARR in the range of -2% to -4% year-over-year, in constant currency.
- Recurring revenue in the range of flat to -2% year-over-year, in constant currency.
- Total revenue in the range of -2% to -4% year-over-year, in constant currency.
- Cash flow from operations of $290 million to $310 million.
- Free cash flow of $270 million to $290 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income