Teradata Reports Fourth Quarter and Full-Year 2023 Financial Results
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Go back to Teradata Reports Fourth Quarter and Full-Year 2023 Financial Results
February 13, 2024 4:07 AM EST
Evercore ISI analyst Chirag Ved lowered the price target on Teradata (NYSE: TDC) to $58.00 (from $65.00) while maintaining a Outperform rating.
The analyst comments "TDC delivered mixed F4Q results with total revenue of $457mn (+1% y/y in c/c) vs. our/Street expectations of $461.4/$455.8mn, total ARR of $1,570mn (+5% in c/c) vs. our/Street expectations of $1,587/$1,578mn, and EPS of $0.56 coming in ahead of our/Street estimates of $0.50/$0.51. Most significantly, cloud ARR landed at $528mn, up 48% and +46% in c/c, but below... More
February 12, 2024 4:34 PM EST
Teradata Corp.s (NYSE: TDC) shares fell 13% in premarket trading Tuesday after the company unveiled a mixed Q4 report, including disappointing public cloud Annual Recurring Revenue (ARR).
For the fiscal fourth quarter of 2023, the cloud database and analytics software provider reported earnings per share (EPS) of $0.56, surpassing the analyst prediction of $0.51. Revenue came in at $457 million, while analysts projected $456.34 million.
Public cloud ARR stood at $528 million, missing the $547... More
