NYSE$TDC

Teradata Corp · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Teradata's Q4 2021 financial results were reported, showing significant growth in public cloud ARR and exceeding EPS outlook.

Teradata reported strong Q4 2021 results, with public cloud ARR increasing by 91% and recurring revenue up by 5%. The company exceeded its previously provided outlook range for both GAAP and Non-GAAP EPS. Teradata intends to enter into a $250 million accelerated share repurchase program in the first quarter.

  • Public cloud ARR increased by 91% year-over-year, reaching $202 million.
  • Recurring revenue increased by 5% year-over-year, totaling $364 million and representing 77% of total revenue.
  • GAAP earnings per diluted share were $0.29, exceeding the prior outlook.
  • Non-GAAP earnings per diluted share were $0.57, also exceeding the prior outlook.

Headline financials

Total Revenue

$475M

Previous: $491M-3.3%
EPS (adj)

$0.57

Previous: $0.38+50.0%
Public Cloud ARR

$202M

Previous: $106M+90.6%
GAAP Gross Margin

61.9%

Previous: 57.8%+7.1%
Non-GAAP Gross Margin

63.2%

Previous: 59.3%+6.6%
GAAP Operating Margin

10.5%

Previous: 2.6%+303.8%
Non-GAAP Operating Margin

18.9%

Previous: 13.6%+39.0%
Capital Expenditures

$9M

Previous: $10M-10.0%
Free Cash Flow

$85M

Previous: $46M+84.8%
Net Income

$33M

Previous: $5M+560.0%
Operating Income

$50M

Previous: $13M+284.6%
Gross Profit

$294M

Previous: $284M+3.5%
Cash & Equivalents

$592M

Previous: $529M+11.9%
Total Assets

$2.17B

Previous: $2.19B-1.1%
Stock-Based Comp

$33M

Previous: $22M+50.0%

Revenue & EPS history

Teradata · Revenue · Quarterly

$475M

Q4 2021-3.3%vs Q4 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Teradata · $92M total across 1 segment · Q4 2021

  • Consulting
    $92M-17.1%

Forward guidance

Teradata is raising its 2022 outlook for public cloud ARR and EPS, as well as increasing the return of capital to shareholders.

Tailwinds

  • Public cloud ARR is expected to increase by approximately 80% year-over-year
  • 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
  • Total revenue is expected to be flat to low-single-digit percentage growth year-over-year
  • Non-GAAP diluted EPS is expected to be in the range of $1.82 to $1.92

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 Q4 2021

Historical avgQ4 2021

-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

Earnings price reactions
QuarterReport dateReaction (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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