From Nasdaq: 2024-05-07 12:34:00

Teradata (TDC) reported first-quarter 2024 earnings of 57 cents per share, beating estimates. Revenues of $465 million also surpassed expectations. However, total ARR decreased 2% year over year. Public cloud ARR saw a significant increase of 35%. The company expects growth in non-GAAP earnings and total revenues for 2024.

Recurring revenues at Teradata increased by 0.3% year over year, exceeding estimates. Revenues from the Americas decreased, while EMEA and APJ regions reported mixed results. Operating margin contracted, but cash flow remained positive. The company expects second-quarter earnings to grow by 2.08% year over year.

Teradata’s balance sheet shows a decrease in cash and cash equivalents but a manageable long-term debt. With free cash flow generated in the first quarter, the company remains optimistic about future growth. Public cloud ARR and total ARR are projected to increase, with recurring revenues expected to rise year over year.

Teradata, with a Zacks Rank #2 (Buy), has seen a decline in its stock value year to date. Other top-ranked stocks in the sector include Bumble (BMBL), Airbnb (ABNB), and NVIDIA (NVDA). Analysts recommend downloading a special report with high potential stock picks for both political outcomes in the upcoming presidential elections.



Read more at Nasdaq: Teradata (TDC) Q1 Earnings Beat Estimates, Revenues Fall Y/Y