Recurring revenue is expected to grow at a high-single-digit to low-double-digit percentage year-over-year; Total revenue is expected to grow at a low-single-digit to mid-single-digit percentage year-over-year; GAAP earnings per diluted share is expected to be in the range of $0.78 to $0.82; Non-GAAP earnings per diluted share, excluding stock-based compensation expense, reorganization-related expenses, and other special items, is expected to be in the range of $1.92 to $1.96, Cash flow from operations is expected to be at least $440 million; and, Free cash flow is expected to be at least $400 million. What it does: Dropbox makes cloud-based content-management and file-sharing software. The company has made a few small acquisitions of it own as it looks to expand beyond video conferencing into a video-communications platform. The company faced an activist investor in 2021 who wanted to replace the board and push for higher growth rates, and there were rumors it was pursuing a sale amid the pressure. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Our management internally uses supplemental non-GAAP financial measures, such as gross profit, operating income, net income, and EPS, excluding certain items, to understand, manage and evaluate our business and support operating decisions on a regular basis. Only Teradata gives you the flexibility to handle the massive and mixed data workloads of the future, today. Fourth-Quarter 2021 Financial Highlights Compared to Fourth-Quarter 2020. Represents the income tax effect of the pre-tax adjustments to reconcile GAAP to Non-GAAP income based on the applicable jurisdictional statutory tax rate of the underlying item. Who could acquire it: Another cloud or software company, or private equity. The impact of currency is determined by calculating the prior period results using the current-year monthly average currency rates. Your personal information will be collected, stored, and processed in accordance with the Teradata Global Privacy Policy. Teradata Market Cap: $3.2 billion What it does: Teradata makes software for cloud databases and analytics. (Updated - December 20, 2021 5:24 AM EST) Needham & Company analyst Jack Andrews upgraded Teradata (NYSE: TDC) from Hold to Buy with a price target of $64.00. Cash provided by operating activities (GAAP). Free cash flow does not have a uniform definition under GAAP and, therefore, Teradatas definition may differ from other companies definitions of this measure. If the company is not able to execute its new strategy, it might make sense for the board to explore a sale to a larger firm, the analysts wrote. %%EOF 10107 0 obj <>/Filter/FlateDecode/ID[]/Index[10087 45]/Info 10086 0 R/Length 96/Prev 250981/Root 10088 0 R/Size 10132/Type/XRef/W[1 2 1]>>stream However, they think the overall market for IT-service management will consolidate over time, and N-Able is one company that a private-equity firm could acquire as part of that trend. To make the world smarter, happier, and richer. Free cash flow is a non-GAAP measure. In the UK alone, companies including Sainsbury's, Lloyds Bank, Iceland, Barclays, Unilever, Vodafone, and other big brands still rely on Teradata's on-prem systems for business decision-making as cloud-based systems are yet to meet their performance requirements, sources told The Register. We continue to demonstrate our commitment to deliver shareholder value through disciplined capital allocation, including our intention to enter into a $250 million accelerated share repurchase program in the first quarter, enabled by our strong balance sheet and projections of cash flow generation., Fourth-Quarter 2021 Financial Highlights Compared to Fourth-Quarter 2020, Full-Year 2021 Financial Highlights Compared to Full Year 2020. I am proud of our teams steadfast focus on execution and operational excellence that enabled us to meet or beat every element of our annual outlook, said Steve McMillan, President and CEO, Teradata. Your privacy is important. Teradata is dedicated to helping enterprise businesses around the globe use data analytics to tackle the problems they face every day. Is this step a sign of an IBM takeover? Teradata "layoff" Reviews | Glassdoor Teradata defines free cash flow as cash provided by / used in operating activities, less capital expenditures for property and equipment, and additions to capitalized software. Teradata Reviews, Ratings & Features 2023 | Gartner Peer Insights This is an increase from at least 70% growth year-over-year, which was previously communicated at Teradatas Investor Day in September 2021. Non-GAAP diluted EPS is expected to be in the range of $0.63 to $0.67. Teradata reports its results in accordance with GAAP. Zendesk, which offers customer-service software, was also taken private for $10.2 billion by an investor group, which Hellman & Friedman and Permira led. Teradata has been caught between conflicting demands of investors impatient to see it execute a cloud-first strategy, and customers uncertain about how highly optimised concurrent queries will work in the cloud. Making the world smarter, happier, and richer. Director (Former Employee) - San Diego, CA - December 22, 2021. The organization is led by an ancient legacy PMO that needs . 2. What it does: Qualys is a cybersecurity company and makes software for cloud security, compliance, and vulnerability-management solutions. Our non-GAAP measures are not meant to be considered in isolation to, as substitutes for, or superior to, results determined in accordance with GAAP, and should be read only in conjunction with our condensed consolidated financial statements prepared in accordance with GAAP. I understand that I may unsubscribe at any time by following the link at the bottom of any such email I receive to visit the Teradata Investor site and completing the Unsubscribe From Email Alerts form. A person who asked to remain anonymous pointed out that while systems architects were trying to convince businesses to make the shift to the cloud, users of Teradata systems business analysts who use data to inform important company decisions were less keen. Recurring revenue is expected to grow at a low-to-mid-single-digit percentage year-over-year. Teradata is outsourcing field-based support on both sides of the pond to IBM, much to the alarm of some customers who fear a loss of knowledge in keeping its trusted on-prem systems up and running. What it does: Box makes cloud-based file-sharing and content-management software. 11:46am: The team announced they have indeed selected the contract of Bauers.To make room on the 40-man roster, reliever Lou Trivino was transferred to the 60-day IL.. 7:59am: The Yankees have . These forward-looking statements are based upon current expectations and assumptions and involve risks and uncertainties that could cause actual results to differ materially, including the factors discussed in this release and those relating to: the global economic environment and business conditions in general or on the ability of our suppliers to meet their commitments to us, or the timing of purchases by our current and potential customers; the rapidly changing and intensely competitive nature of the information technology industry and the data analytics business; fluctuations in our operating results; our ability to realize the anticipated benefits of our business transformation program or other restructuring and cost saving initiatives; risks inherent in operating in foreign countries, including foreign currency fluctuations; risks associated with the ongoing and uncertain impact of the COVID-19 pandemic on our business, financial condition and operating results, including the impact of the COVID-19 pandemic on our customers and suppliers; risks associated with data privacy, cyberattacks and maintaining secure and effective internal information technology and control systems; the timely and successful development, production or acquisition, availability and/or market acceptance of new and existing products, product features and services; tax rates; turnover of workforce and the ability to attract and retain skilled employees; protecting our intellectual property; the availability and successful exploitation of new alliance and acquisition opportunities; subscription arrangements may be cancelled or fail to be renewed; the impact on our business and financial reporting from changes in accounting rules; and other factors described from time to time in Teradatas filings with the U.S. Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2020 and subsequent quarterly reports on Forms 10-Q, as well as the Companys annual report to stockholders. We look forward to delivering ongoing innovation for our customers, maintaining our ethos of strong corporate citizenship, and driving profitable growth and long-term value creation for our shareholders., Teradata is raising its 2022 outlook for public cloud ARR and EPS, as well as increasing the return of capital to shareholders, said Claire Bramley, Chief Financial Officer, Teradata. CONDENSED CONSOLIDATED STATEMENTS OF INCOME, (in millions, except per share amounts - unaudited), CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS, CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS. What it does: Nutanix makes IT-infrastructure hardware and is currently transitioning from licensing to a software-subscription model. What it does: Coupa makes software to help companies manage their spend and includes tools for financial management, accounting, and other back-office functions. Additional information regarding Teradatas operating results is provided below as well as on Teradatas website at investor.teradata.com. Acquisitions by Teradata | Tracxn See the foreign currency fluctuation schedule, which is used to determine revenue on a constant currency (CC) basis, on the Investor Relations page of the Companys website at investor.teradata.com. 2023 Phase one of GMH, in Gulf of Guinea's Punta Europa, started delivering gas in February 2021. What it does: Splunk makes software for IT professionals that sift through and analyze enormous amounts of performance and system data in their networks. Total ARR is expected to grow at a mid-to-high-single-digit percentage year-over-year. Recurring revenue is expected to grow at a low-to-mid-single-digit percentage year-over-year. For the year, Teradata grew its sales 4% to $1.9 billion (but with 12% growth in recurring revenue), added 640 basis points to its gross margin (now 61.9%), and reported $1.30 per share -- GAAP -- on the bottom line.
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