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- Teradata Corp (NYSE:TDC) reported a fourth-quarter revenue decline of 5% year-on-year to $452 million, beating the consensus of $436.3 million.
- Non-GAAP EPS of $0.35 beat the consensus of $0.30.
- Public cloud ARR increased to $357 million, up 77% Y/Y. Total ARR decreased to $1.482 billion, down by 1% Y/Y.
- Recurring revenue was $357 million, down by 2% Y/Y. Non-GAAP gross margin was 59.5%, down from 63.2% a year ago.
- Teradata generated a free cash flow of $120 million, up from $85 million a year ago.
- CFO Claire Bramley said, "We are energized to continue our momentum into 2023, accelerating our growth forecasts for ARR, revenue, and earnings per share. We remain on-track to achieve over one billion dollars of cloud ARR in 2025 while driving future margin expansion and free cash flow growth."
- Outlook: Teradata sees FY23 revenue growth of 1% - 4% Y/Y (consensus $1.80 billion) and adj EPS of $1.90 - $2.06 (consensus $1.89).
- Teradata sees Q1 adj EPS of $0.60 - $0.64 (consensus $0.59).
- Price Action: TDC shares closed lower by 2.28% at $34.27 on Friday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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