NYSE$TDC
Teradata Corp · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Teradata's financial performance in Q2 2024 showed strong growth in Cloud ARR and maintained a robust net expansion rate.
Teradata reported a 32% increase in Cloud ARR in constant currency and maintained a 123% net expansion rate in the cloud. The company is taking actions to improve execution and efficiency to reaccelerate profitable growth.
- Public cloud ARR of $542 million, an increase of 31% as reported and 32% in constant currency from the prior year period.
- Cloud net expansion rate of 123%.
- GAAP operating margin was 15.1%, up 800 basis points year-over-year.
- Non-GAAP operating margin was 22.0%, up 640 basis points year-over-year.
Headline financials
Revenue & EPS history
Teradata · Revenue · Quarterly
$436M
Revenue by segment
Teradata · $71M total across 1 segment · Q3 2023
- Consulting$71M-1.4%100.0%
Forward guidance
For the third quarter of 2024, GAAP diluted EPS is expected to be in the range of $0.14 to $0.18 per share, and non-GAAP diluted EPS is expected to be in the range of $0.54 to $0.58 per share. For the full-year 2024, Teradata expects public cloud ARR growth of 28% to 32% year-over-year, in constant currency and free cash flow of $270 million to $290 million.
Tailwinds
- Public cloud ARR growth of 28% to 32% year-over-year, in constant currency
- Total ARR in the range of -2% to -4% year-over-year, in constant currency
- Recurring revenue in the range of flat to -2% year-over-year, in constant currency
- Total revenue in the range of -2% to -4% year-over-year, in constant currency
- Cash flow from operations of $290 million to $310 million
Headwinds
- Global economic environment and business conditions in general, including inflation and/or recessionary conditions
- The ability of our suppliers to meet their commitments to us
- The timing of purchases, migrations, or expansions by our current and potential customers
- The rapidly changing and intensely competitive nature of the information technology industry, the data analytics business, and artificial intelligence capabilities
- Fluctuations in our operating, capital allocation, and cash flow results
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
-1.1%
Avg return
Earnings day
+1.1%
Avg return
5 days after
+0.2%
Avg return
30 days after
42%
29 / 69 earnings
Positive
+34.6%
Q4 2020
Best reaction
-22.0%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.7% | +7.3% | +11.8% | |
| Q4 2025 | +29.6% | +14.8% | -9.1% | |
| Q3 2025 | +32.6% | +34.8% | +44.2% | |
| Q1 2025 | +1.8% | +7.5% | +2.0% | |
| Q4 2024 | -20.3% | -19.7% | -26.5% | |
| Q3 2024 | -14.3% | -10.1% | -4.2% | |
| Q2 2024 | -17.8% | -14.8% | -8.3% | |
| Q1 2024 | -12.1% | -11.3% | -13.7% | |
| Q4 2023 | -22.0% | -23.7% | -22.3% | |
| Q3 2023 | +2.5% | +4.9% | +4.0% | |
| Q2 2023 | -17.3% | -19.3% | -19.6% | |
| Q1 2023 | +8.3% | +7.0% | +18.3% | |
| Q4 2022 | +18.6% | +20.8% | +8.5% | |
| Q3 2022 | +4.8% | +11.0% | +11.8% | |
| Q2 2022 | -7.3% | -10.0% | -16.9% | |
| Q1 2022 | -13.7% | -17.2% | -7.8% | |
| Q4 2021 | +21.8% | +19.9% | +8.9% | |
| Q3 2021 | -13.6% | -10.9% | -26.7% | |
| Q2 2021 | -3.1% | +3.0% | +14.4% | |
| Q1 2021 | -17.1% | -17.6% | -0.4% | |
| Q4 2020 | +34.6% | +95.2% | +50.0% | |
| Q3 2020 | +6.8% | +4.9% | +17.5% | |
| Q2 2020 | +19.5% | +17.3% | +9.6% | |
| Q1 2020 | +2.8% | -7.7% | -3.5% | |
| Q4 2019 | -5.1% | -6.7% | -13.7% | |
| Q3 2019 | -16.0% | -14.5% | -13.1% | |
| Q2 2019 | -9.9% | -8.6% | -15.7% | |
| Q1 2019 | -11.2% | -14.5% | -22.5% | |
| Q4 2018 | -1.9% | -0.8% | +1.5% | |
| Q3 2018 | -1.7% | +0.1% | +3.4% | |
| Q2 2018 | +0.3% | +4.5% | +9.1% | |
| Q1 2018 | -6.7% | -3.8% | -2.7% | |
| Q4 2017 | -12.7% | -9.7% | +5.7% | |
| Q3 2017 | +8.4% | +4.0% | +13.3% | |
| Q2 2017 | +7.2% | +10.5% | +5.0% | |
| Q1 2017 | -8.8% | -9.0% | -10.6% | |
| Q4 2016 | +5.0% | +4.6% | +4.0% | |
| Q3 2016 | -10.4% | -9.9% | -9.1% | |
| Q2 2016 | +8.0% | +11.1% | +10.8% | |
| Q1 2016 | +15.3% | — | — | |
| Q4 2015 | -0.6% | — | — | |
| Q3 2015 | -3.2% | — | — | |
| Q2 2015 | -17.3% | — | — | |
| Q1 2015 | -9.1% | — | — | |
| Q4 2014 | -11.4% | — | — | |
| Q3 2014 | +4.0% | — | — | |
| Q2 2014 | -1.3% | — | — | |
| Q1 2014 | -9.9% | — | — | |
| Q4 2013 | -0.3% | — | — | |
| Q3 2013 | -3.2% | — | — | |
| Q2 2013 | +7.2% | — | — | |
| Q1 2013 | -1.3% | — | — | |
| Q4 2012 | -5.7% | — | — | |
| Q3 2012 | -7.7% | — | — | |
| Q2 2012 | +10.0% | — | — | |
| Q1 2012 | +1.3% | — | — | |
| Q4 2011 | +1.7% | — | — | |
| Q3 2011 | -3.0% | — | — | |
| Q2 2011 | +0.4% | — | — | |
| Q1 2010 | +1.5% | — | — | |
| Q1 2011 | +0.4% | — | — | |
| Q4 2010 | -0.5% | — | — | |
| Q4 2008 | -0.5% | — | — | |
| Q1 2009 | -0.5% | — | — | |
| Q3 2010 | +2.0% | — | — | |
| Q3 2009 | +2.0% | — | — | |
| Q4 2009 | -5.3% | — | — | |
| Q2 2009 | -5.3% | — | — | |
| Q2 2010 | -5.3% | — | — |
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