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Dec 31, 2021
Teradata Q4 2021 Earnings Report
Teradata's Q4 2021 financial results were reported, showing significant growth in public cloud ARR and exceeding EPS outlook.
Key Takeaways
Teradata reported strong Q4 2021 results, with public cloud ARR increasing by 91% and recurring revenue up by 5%. The company exceeded its previously provided outlook range for both GAAP and Non-GAAP EPS. Teradata intends to enter into a $250 million accelerated share repurchase program in the first quarter.
Public cloud ARR increased by 91% year-over-year, reaching $202 million.
Recurring revenue increased by 5% year-over-year, totaling $364 million and representing 77% of total revenue.
GAAP earnings per diluted share were $0.29, exceeding the prior outlook.
Non-GAAP earnings per diluted share were $0.57, also exceeding the prior outlook.
Teradata
Teradata
Teradata Revenue by Segment
Revenue by Segment
Perpetual Software, Hardware & Other Revenue
CapyFin.comConsulting Services Revenue
CapyFin.com Forward Guidance
Teradata is raising its 2022 outlook for public cloud ARR and EPS, as well as increasing the return of capital to shareholders.
Positive Outlook
- Public cloud ARR is expected to increase by approximately 80% year-over-year
- Total ARR is expected to grow at a mid-to-high-single-digit percentage year-over-year
- Recurring revenue is expected to grow at a low-to-mid-single digit percentage year-over-year
- Total revenue is expected to be flat to low-single-digit percentage growth year-over-year
- Non-GAAP diluted EPS is expected to be in the range of $1.82 to $1.92
Revenue & Expenses
Visualization of income flow from segment revenue to net income