Teradata reports Q1 EPS 57c, consensus 55c

Reports Q1 revenue $465M, consensus $466M. Public cloud ARR increased to $525M from $388M, an increase of 35% as reported and 36% in constant currency, and total ARR decreased to $1.480B from $1.506B, a decrease of 2% as reported and 1% in constant currency. “Teradata grew public cloud ARR 36% year over year in constant currency. Teradata’s technology is fundamental to driving complex analytics at scale, and is differentiated today as businesses everywhere are exploring how to leverage AI to be more productive and innovative,” said Steve McMillan, President and CEO, Teradata. “We are focused on, and confident in, our ability to improve execution across the business, and we are moving forward with urgency and discipline to achieve our long-term profitable growth targets.”