UPDATE: Teradata Corp. (TDC) Tops Q1 EPS by 4c, Revenues Miss; Offers 2Q EPS/Revs. Guidance Below Consensus, Withdraws FY20 Outlook
Teradata Corp. (NYSE: TDC) reported Q1 EPS of $0.27, $0.04 better than the analyst estimate of $0.23. Revenue for the quarter came in at $434 million versus the consensus estimate of $452.65 million.
- Teradata continued to make progress on key Cloud, Vantage, and Go-to-market efforts in the first quarter
- The Company’s technology is critical in supporting customers during COVID-19 and Teradata used this opportunity to further support customers and deepen relationships
- Teradata’s first-quarter results were negatively impacted by COVID-19
- The Company is withdrawing its full-year 2020 guidance due to uncertainties relating to COVID-19
“Teradata is focused on supporting our customers and employees through the COVID-19 pandemic. Our history of fostering strong customer relationships and our long-standing position delivering business essential analytics are foundational to our customers in these challenging times,” said Vic Lund, Interim CEO, Teradata. “Our resilience has been proven as we advance our key strategic initiatives including accelerating our transition to the Cloud, driving broader adoption of Vantage, and expanding our go-to-market opportunities. Our extensive enterprise customer base, mission critical technology, and strong financial condition position us well to emerge stronger from the pandemic.”
GUIDANCE:
Teradata Corp. sees Q2 2020 EPS of $0.19-$0.22, versus the consensus of $0.29.
Teradata Corp. sees Q2 2020 Revenues of $348 million-$352 million, versus the consensus of $464.87 million.
Due to the evolving nature and uncertain impact of COVID-19 on Teradata’s operating and financial results, the Company is withdrawing its guidance for the full-year 2020, which was provided on February 6, 2020.
For the second quarter of 2020, Teradata expects recurring revenue in the range between $348 million and $352 million.
GAAP loss per share in the second quarter of 2020 is expected to be in the $(0.09) to $(0.06) range. Non-GAAP earnings per share, excluding stock-based compensation expense and other special items, in the second quarter is expected to be in the $0.19 to $0.22 range(2).
For earnings history and earnings-related data on Teradata Corp. (TDC) click here.