Public Cloud ARR Growth
Teradata delivered public cloud ARR of $606 million, a 16% year-on-year increase in constant currency.
Non-GAAP EPS Increase
Reported non-GAAP EPS was $0.66, marking a 16% year-on-year increase.
AI and Advanced Analytics Focus
Teradata introduced the Enterprise Vector Store, enhancing AI capabilities by integrating structured and unstructured data to optimize AI operations.
Retention Rate Improvement
The company saw a meaningful year-over-year improvement in retention rates, expected to continue improving throughout the year.
Leadership Changes
Appointed John Ederer as CFO and Sumeet Arora as Chief Product Officer, both bringing extensive experience in SaaS transitions and AI-driven analytics.