Teradata Corporation (TDC), is leveling up cloud capabilities and is a leading provider of connected multi-cloud data platforms for enterprise analytics. It reported solid financial results in the third quarter of 2024. The company reported a record quarterly revenue of $440 million, surpassing analysts’ estimate of $417.71 million. Also, its non-GAAP EPS of $0.69 topped the analysts’ expectations of $0.56.
During the third quarter, Teradata continued expanding its cloud business presence and delivered innovations to strengthen its market-wide position. The company’s public cloud ARR for the nine months of 2024 increased 25.6% from the prior year’s period to $570 million. It now expects public cloud ARR growth of 18% to 22% year-over-year.
