- Fourth quarter public cloud ARR of $609 million, an increase of
15% as reported and 18% in constant currency from the prior year
period(1)
- Full-year GAAP diluted EPS was $1.16, up 90%
year-over-year
- Full-year non-GAAP diluted EPS was $2.42, up 17%
year-over-year(2)
- Full-year cash from operations of $303 million and free cash
flow of $277 million(3)
- Announces CFO transition plan
Teradata (NYSE: TDC) today announced its fourth quarter
and full-year 2024 financial results.
“In 2024, Teradata took decisive actions to improve execution,
and met our guidance ranges for both Cloud and Total ARR. We
believe we are well positioned to return to growth this year,” said
Steve McMillan, President and CEO, Teradata. “Last year, we
delivered significant AI technology, including broad support for
OTFs, BYO-LLM and GPU-accelerated compute. We are excited about our
upcoming innovations in 2025, which are designed to help our
customers extend their hybrid AI environments and build towards an
agentic AI future.”
CFO Transition Plan
Claire Bramley, Chief Financial Officer, will be leaving
Teradata, effective March 31, to take a Chief Financial Officer
position at another company outside of Teradata’s industry. The
Company has initiated a search process, with the assistance of a
leading executive search firm, to identify a permanent successor.
Charles Smotherman, Teradata’s Chief Accounting Officer, has been
appointed Interim Chief Financial Officer, effective March 24.
Smotherman has served as Teradata’s Chief Accounting Officer since
2019 and has more than 25 years of finance and accounting
leadership experience.
Mr. McMillan continued, “Claire has been instrumental in
supporting the company’s transformation to a cloud leader, guiding
Teradata with a solid foundation of operational excellence and
strong financial discipline in driving durable profitability and
free cash flow. Charles brings deep knowledge of Teradata and
extensive experience in financial leadership, and we expect a
seamless transition.”
Fourth Quarter 2024 Financial Highlights Compared to Fourth
Quarter 2023
- Public cloud ARR increased to $609 million from $528 million,
an increase of 15% as reported and 18% in constant currency(1)
- Total ARR decreased to $1.474 billion from $1.570 billion, a
decrease of 6% as reported and 4% in constant currency(1)
- Recurring revenue was $351 million versus $372 million a
decrease of 6% as reported and 4% in constant currency (1)
- Total revenue was $409 million versus $457 million, a decrease
of 11% as reported and 9% in constant currency(1)
- Recurring revenue was 86% of total revenue versus 81%
- GAAP gross margin was 59.4% versus 60.8%
- Non-GAAP gross margin was 60.9% versus 61.9%(2)
- GAAP operating margin was 9.5% versus 10.3%
- Non-GAAP operating margin was 17.6% versus 19.5%(2)
- GAAP diluted EPS was $0.26 versus ($0.07) per share
- Non-GAAP diluted EPS was $0.53 versus $0.56 per share(2)
- Cash flow from operations was $156 million compared to $176
million
- Free cash flow was $148 million compared to $168
million(3)
Full-Year 2024 Financial Highlights Compared to Full-Year
2023
- Public cloud ARR increased to $609 million from $528 million,
an increase of 15% as reported and 18% in constant currency(1)
- Total ARR decreased to $1.474 billion from $1.570 billion, a
decrease of 6% as reported and 4% in constant currency(1)
- Recurring revenue was $1.479 billion versus $1.492 billion, a
decrease of 1% as reported and an increase of 1% in constant
currency (1)
- Total revenue was $1.750 billion versus $1.833 billion, a
decrease of 5% as reported and 3% in constant currency(1)
- Recurring revenue was 85% of total revenue versus 81%
- GAAP gross margin was 60.5% versus 60.8%
- Non-GAAP gross margin was 61.7% versus 61.8%(2)
- GAAP operating margin was 11.9% versus 10.1%
- Non-GAAP operating margin was 20.3% versus 18.1%(2)
- GAAP diluted EPS was $1.16 versus $0.61 per share
- Non-GAAP diluted EPS was $2.42 versus $2.07 per share(2)
- Cash flow from operations was $303 million compared to $375
million
- Free cash flow was $277 million compared to $355
million(3)
- Share repurchases of $215 million, resulting in a return of
free cash flow of 78%
Outlook
For the full-year of 2025:
- Public cloud ARR growth of 14% to 18% year-over-year, in
constant currency(4)
- Total ARR in the range of flat to 2% year-over-year, in
constant currency(4)
- Recurring revenue in the range of -3% to -5% year-over-year, in
constant currency(4)
- Total revenue in the range of -4% to -6% year-over-year, in
constant currency(4)
- GAAP diluted EPS is expected to be in the range of $1.05 to
$1.15 per share
- Non-GAAP diluted EPS is expected to be in the range of $2.15 to
$2.25 per share(2)
- Cash flow from operations of $270 million to $300 million
- Free cash flow of $250 million to $280 million(3)
For the first quarter of 2025:
- Recurring revenue in the range of -4% to -6% year-over-year, in
constant currency(4)
- Total revenue in the range of -6% to -8% year-over-year, in
constant currency(4)
- GAAP diluted EPS is expected to be in the range of $0.33 to
$0.37 per share
- Non-GAAP diluted EPS is expected to be in the range of $0.55 to
$0.59 per share(2)
Earnings Conference Call
The conference call will begin at 1:30 p.m. PT on February 11,
2025. Investors and participants may attend the call by dialing
(404) 975-4839 and entering access code 357044. For investors and
participants outside the United States, see global dial-in numbers
here, and use access code 357044.
The live webcast, as well as a replay, will be available on the
Investor Relations page of the Teradata website at
investor.teradata.com.
Supplemental Financial Information
Additional information regarding Teradata’s operating results is
provided below as well as on Teradata’s website at
investor.teradata.com.
1.
The impact of currency is
determined by calculating the prior-period results using the
current-year monthly average currency rates. 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 Company’s website at investor.teradata.com.
Revenue
(in millions)
For the Three Months ended
December 31
2024
2023
% Change as Reported
% Change in CC
Recurring revenue
$
351
$
372
(6
%)
(4
%)
Perpetual software licenses, hardware and
other
3
12
(75
%)
(69
%)
Consulting services
55
73
(25
%)
(21
%)
Total revenue
$
409
$
457
(11
%)
(9
%)
Product Sales
$
354
$
384
(8
%)
(6
%)
Consulting Services
55
73
(25
%)
(21
%)
Total revenue
$
409
$
457
(11
%)
(9
%)
Revenue
(in millions)
For the Twelve Months ended
December 31
2024
2023
% Change as Reported
% Change in CC
Recurring revenue
$
1,479
$
1,492
(1
%)
1
%
Perpetual software licenses, hardware and
other
23
45
(49
%)
(47
%)
Consulting services
248
296
(16
%)
(13
%)
Total revenue
$
1,750
$
1,833
(5
%)
(3
%)
Product Sales
$
1,502
$
1,537
(2
%)
(1
%)
Consulting Services
248
296
(16
%)
(13
%)
Total revenue
$
1,750
$
1,833
(5
%)
(3
%)
As of December 31
2024
2023
% Change as Reported
% Change in CC
Annual recurring revenue*
$
1,474
$
1,570
(6
%)
(4
%)
Public cloud ARR**
$
609
$
528
15
%
18
%
The impact of currency on ARR is
determined by calculating the prior period ending ARR using the
current period end currency rates.
* Annual recurring revenue (“ARR”) is
defined as the annual value at a point in time of all recurring
contracts, including subscription, cloud, software upgrade rights,
and maintenance. Total ARR does not include managed services and
third-party software. The Company believes this is a useful metric
to investors as it demonstrates progress toward achieving our
strategic objectives as outlined in the Form 10-K and Form
10-Q.
** Public cloud ARR is defined as the
annual value at a point in time of all contracts related to public
cloud implementations of Teradata VantageCloud and does not include
ARR related to private or managed cloud implementations. The
Company believes this is a useful metric to investors as it
demonstrates progress toward achieving our strategic objectives as
outlined in the Form 10-K and Form 10-Q.
2.
Teradata reports its results in
accordance with GAAP. However, as described below, the Company
believes that certain non-GAAP measures such as free cash flow,
non-GAAP gross profit, non-GAAP operating income, non-GAAP net
income, and non-GAAP diluted earnings per share, all of which
exclude certain items, and which may be reported on a constant
currency basis, are useful for investors. 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. Each of our
non-GAAP measures do not have a uniform definition under GAAP and
therefore, Teradata’s definition may differ from other companies’
definitions of these measures.
The following tables reconcile
Teradata’s actual and projected results and EPS under GAAP to the
Company’s actual and projected non-GAAP results and EPS for the
periods presented, which exclude certain specified items. 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.
The Company believes such non-GAAP financial measures (1) provide
useful information to investors regarding the underlying business
trends and performance of the Company’s ongoing operations, (2) are
useful for period-over-period comparisons of such operations and
results, that may be more easily compared to peer companies and
allow investors a view of the Company’s operating results excluding
stock-based compensation expense and special items, (3) provide
useful information to management and investors regarding present
and future business trends, and (4) provide consistency and
comparability with past reports and projections of future
results.
For the
Three Months
For the
Twelve Months
(in millions, except per share data)
ended December 31
ended December 31
Gross Profit:
2024
2023
% Chg.
2024
2023
% Chg.
GAAP Gross Profit
$
243
$
278
(13
%)
$
1,058
$
1,115
(5
%)
% of Revenue
59.4
%
60.8
%
60.5
%
60.8
%
Excluding:
Stock-based compensation expense
4
5
17
17
Reorganization and other costs
2
-
5
1
Non-GAAP Gross Profit
$
249
$
283
(12
%)
$
1,080
$
1,133
(5
%)
% of Revenue
60.9
%
61.9
%
61.7
%
61.8
%
Operating Income
GAAP Operating Income
$
39
$
47
(17
%)
$
209
$
186
12
%
% of Revenue
9.5
%
10.3
%
11.9
%
10.1
%
Excluding:
Stock-based compensation expense
27
30
119
126
Reorganization and other costs
6
12
28
20
Non-GAAP Operating Income
$
72
$
89
(19
%)
$
356
$
332
7
%
% of Revenue
17.6
%
19.5
%
20.3
%
18.1
%
Net Income/(Loss)
GAAP Net Income/(Loss)
$
25
($
7
)
-
$
114
$
62
84
%
% of Revenue
6.1
%
(1.5
%)
6.5
%
3.4
%
Excluding:
Stock-based compensation expense
27
30
119
126
Reorganization and other costs
6
13
28
21
Argentina Blue Chip Swap
-
13
2
13
Income tax adjustments(i)
(6
)
8
(25
)
(10
)
Non-GAAP Net Income
$
52
$
57
(9
%)
$
238
$
212
12
%
% of Revenue
12.7
%
12.5
%
13.6
%
11.6
%
For the Three Months ended
December 31
For the Twelve Months ended
December 31
2025 Outlook
Earnings/(Loss) Per Share:
2024
2023
2024
2023
2025 Q1 Guidance
2025 FY Guidance
GAAP Earnings/(Loss) Per Share
$0.26
($0.07
)
$1.16
$0.61
$0.33 - $0.37
$1.05 - $1.15
Excluding:
Stock-based compensation expense
0.27
0.31
1.21
1.23
0.29
1.24
Reorganization and other costs
0.06
0.13
0.28
0.20
0.05
0.15
Argentina Blue Chip Swap
-
0.13
0.02
0.13
-
-
Income tax adjustments(i)
(0.06
)
0.08
(0.25
)
(0.10
)
(0.12
)
(0.29
)
Impact of dilution(ii)
-
(0.02
)
-
-
-
-
Non-GAAP Diluted Earnings Per Share
$0.53
$0.56
$2.42
2.07
$0.55 - $0.59
$2.15- $2.25
i.
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. Including the income tax effect assists investors
in understanding the tax provision associated with those
adjustments and the effective tax rate related to the underlying
business and performance of the Company’s ongoing operations. As a
result of these adjustments, the Company’s non-GAAP effective tax
rate for the three months ended December 31, 2024, was 17.5% and
December 31, 2023, was 26.9%. For the twelve months ended December
31, 2024, was 24.0% and December 31, 2023, was 23.5%. In addition,
for the first quarter and full year 2025, we included a discrete
tax adjustment of ($0.06) for the expected reversal of tax reserves
due to the final settlement of an IRS audit in the first quarter of
2025.
ii.
Represents the impact to earnings
per share as a result of moving from basic to diluted shares.
3.
As described below, the Company believes that free cash flow is
a useful non-GAAP measure for investors. Free cash flow does not
have a uniform definition under GAAP in the United States and
therefore, Teradata's definition may differ from other companies'
definitions of this measure. Teradata defines free cash flow as
cash provided by/used in operating activities, less total capital
expenditures. Teradata’s management uses free cash flow to assess
the financial performance of the Company and believes it is useful
for investors because it relates the operating cash flow of the
Company to the capital that is spent to continue and improve
business operations. In particular, free cash flow indicates the
amount of cash generated after capital expenditures which can be
used for among other things, investments in the Company's existing
businesses, strategic acquisitions, strengthening the Company’s
balance sheet, repurchase of Company stock and repay the Company’s
debt obligations. Free cash flow does not represent the residual
cash flow available for discretionary expenditures since there may
be other non-discretionary expenditures that are not deducted from
the measure. This non-GAAP measure should not be considered as a
substitute for, or superior to, cash flows from operating
activities under GAAP.
(in millions)
For the Three Months
For the Twelve Months
ended December 31
ended December 31
Outlook
2024
2023
2024
2023
2025
Cash provided by operating activities
(GAAP)
$
156
$
176
$
303
$
375
$270 to $300
Less total capital expenditures
(8
)
(8
)
(26
)
(20
)
(~20)
Free Cash Flow (non-GAAP measure)
$
148
$
168
$
277
$
355
$250 to $280
4.
We are providing an outlook for the 2025 growth rates for public
cloud ARR, total ARR, recurring revenue, and total revenue in
constant currency to provide better visibility into the underlying
growth of the business. Teradata calculates public cloud ARR and
total ARR in constant currency by calculating the prior period
ending public cloud ARR or total ARR, as applicable, using the
current period end currency rates. It is impractical to provide a
schedule on currency period end rates at a future point in time.
Teradata calculates recurring revenue and total revenue in constant
currency by using the prior-period results with the current-year
monthly average currency rates. See the foreign currency
fluctuation schedule on the Investor Relations page of the
Company’s website at investor.teradata.com to calculate the
anticipated impact of currency on the revenue outlook.
Note to Investors
This release contains forward-looking statements within the
meaning of Section 21E of the Securities and Exchange Act of 1934.
Forward-looking statements generally relate to opinions, beliefs,
and projections of expected future financial and operating
performance, business trends, liquidity, and market conditions,
among other things. These forward-looking statements are based upon
current expectations and assumptions and often can be identified by
words such as “expect,” “strive,” “looking ahead,” “outlook,”
“guidance,” “forecast,” “anticipate,” “continue,” “plan,”
“estimate,” “believe,” “focus,” “see,” “commit,” “should,”
“project,” “will,” “would,” “likely,” “intend,” “potential,” or
similar expressions. Forward-looking statements in this release
include our 2025 first quarter and full year 2025 financial outlook
and the transition of our Chief Financial Officer. Forward-looking
statements involve risks and uncertainties that could cause actual
results to differ materially, including those relating to: the
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, including our ability to retain 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; our ability to execute and
realize the anticipated benefits of our refreshed brand, business
transformation program or restructuring, sales and operational
execution initiatives, and cost saving initiatives, including the
2024 restructuring actions; risks inherent in operating in foreign
countries, including sanctions, foreign currency fluctuations,
and/or acts of war; risks associated with data privacy,
cyberattacks and maintaining secure and effective products for our
customers, as well as, 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, including for
artificial intelligence; tax rates; turnover of our workforce and
the ability to attract and retain skilled employees; protecting our
intellectual property; availability and successful execution of new
alliance and acquisition opportunities; subscription arrangements
that may be cancelled or fail to be renewed; the impact on our
business and financial reporting from the implementation of a new
ERP system and changes in accounting rules; and other factors
described from time to time in Teradata’s filings with the U.S.
Securities and Exchange Commission, including its most recent
annual report on Form 10-K, and subsequent quarterly reports on
Forms 10-Q or current reports on Forms 8-K, as well as Teradata’s
annual report to stockholders. Teradata does not undertake any
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as required by law.
About Teradata
At Teradata, we believe that people thrive when empowered with
trusted information. We offer the most complete cloud analytics and
data platform for AI. By delivering harmonized data and trusted AI,
we enable more confident decision-making, unlock faster innovation,
and drive the impactful business results organizations need most.
See how at Teradata.com.
The Teradata logo is a trademark, and Teradata
is a registered trademark of Teradata Corporation and/or its
affiliates in the U.S. and worldwide.
Schedule A
TERADATA CORPORATION CONDENSED CONSOLIDATED
STATEMENTS OF INCOME (in millions, except per share amounts
- unaudited) For the Period Ended December 31
Three Months
Twelve Months
2024
2023
% Chg
2024
2023
% Chg
Revenue Recurring
$
351
$
372
(6
%)
$
1,479
$
1,492
(1
%)
Perpetual software licenses, hardware and other
3
12
(75
%)
23
45
(49
%)
Consulting services
55
73
(25
%)
248
296
(16
%)
Total revenue
409
457
(11
%)
1,750
1,833
(5
%)
Gross profit Recurring
243
264
1,038
1,074
% of Revenue
69.2
%
71.0
%
70.2
%
72.0
%
Perpetual software licenses, hardware and other
(2
)
4
-
7
% of Revenue
(66.7
%)
33.3
%
0.0
%
15.6
%
Consulting services
2
10
20
34
% of Revenue
3.6
%
13.7
%
8.1
%
11.5
%
Total gross profit
243
278
1,058
1,115
% of Revenue
59.4
%
60.8
%
60.5
%
60.8
%
Selling, general and administrative expenses
136
159
565
635
Research and development expenses
68
72
284
294
Income from operations
39
47
209
186
% of Revenue
9.5
%
10.3
%
11.9
%
10.1
%
Other expense, net
(9
)
(25
)
(45
)
(69
)
Income before income taxes
30
22
164
117
% of Revenue
7.3
%
4.8
%
9.4
%
6.4
%
Income tax expense
5
29
50
55
% Tax rate
16.7
%
131.8
%
30.5
%
47.0
%
Net income (loss)
$
25
$
(7
)
$
114
$
62
% of Revenue
6.1
%
(1.5
%)
6.5
%
3.4
%
Net income (loss) per common share Basic
$
0.26
$
(0.07
)
$
1.18
$
0.62
Diluted
$
0.26
$
(0.07
)
$
1.16
$
0.61
Weighted average common shares outstanding Basic
95.5
97.9
96.4
99.8
Diluted
97.4
97.9
98.2
102.4
Schedule B
TERADATA CORPORATION CONDENSED CONSOLIDATED
BALANCE SHEETS (in millions - unaudited)
December 31,
September 30,
December 31,
2024
2024
2023
Assets Current assets
Cash and cash equivalents
$
420
$
348
$
486
Accounts receivable, net
234
247
286
Inventories
18
16
13
Other current assets
77
92
84
Total current assets
749
703
869
Property and equipment, net
185
202
239
Right of use assets - operating lease, net
8
6
9
Goodwill
394
399
398
Capitalized contract costs, net
46
49
68
Deferred income taxes
226
215
221
Other assets
96
85
69
Total assets
$
1,704
$
1,659
$
1,873
Liabilities and stockholders'
equity Current liabilities Current portion of
long-term debt
$
25
$
25
$
19
Current portion of finance lease liability
57
60
66
Current portion of operating lease liability
4
4
6
Accounts payable
106
85
100
Payroll and benefits liabilities
111
105
130
Deferred revenue
512
482
570
Other current liabilities
115
114
105
Total current liabilities
930
875
996
Long-term debt
455
461
480
Finance lease liability
30
40
63
Operating lease liability
5
3
6
Pension and other postemployment plan liabilities
104
96
102
Long-term deferred revenue
10
13
22
Deferred tax liabilities
9
8
8
Other liabilities
28
38
61
Total liabilities
1,571
1,534
1,738
Stockholders' equity Common stock
1
1
1
Paid-in capital
2,192
2,166
2,074
Accumulated deficit
(1,913
)
(1,908
)
(1,811
)
Accumulated other comprehensive loss
(147
)
(134
)
(129
)
Total stockholders' equity
133
125
135
Total liabilities and stockholders' equity
$
1,704
$
1,659
$
1,873
Schedule C
TERADATA CORPORATION CONDENSED CONSOLIDATED
STATEMENTS OF CASH FLOWS (in millions - unaudited)
For the Period Ended December
31
Three Months
Twelve Months
2024
2023
2024
2023
Operating activities Net income (loss)
$
25
$
(7
)
$
114
$
62
Adjustments to reconcile net income (loss) to net cash
provided by operating activities: Depreciation and amortization
22
30
100
116
Stock-based compensation expense
27
30
119
126
Deferred income taxes
(16
)
(12
)
(11
)
(11
)
Loss on Blue Chip Swap
1
13
4
13
Changes in assets and liabilities: Receivables
13
-
52
78
Inventories
(2
)
(5
)
(5
)
(5
)
Current payables and accrued expenses
36
16
(1
)
7
Deferred revenue
27
99
(70
)
(5
)
Other assets and liabilities
23
12
1
(6
)
Net cash provided by operating activities
156
176
303
375
Investing activities Expenditures for property and
equipment
(7
)
(8
)
(24
)
(19
)
Additions to capitalized software
(1
)
-
(2
)
(1
)
Business acquisitions and other investing activities, including
loss on Blue Chip Swap
(1
)
(13
)
(6
)
(29
)
Net cash used in investing activities
(9
)
(21
)
(32
)
(49
)
Financing activities Repurchases of common stock
(29
)
(7
)
(215
)
(308
)
Repayments of long-term borrowings
(6
)
-
(19
)
-
Payments of finance leases
(17
)
(20
)
(71
)
(82
)
Other financing activities, net
-
1
(1
)
7
Net cash used in financing activities
(52
)
(26
)
(306
)
(383
)
Effect of exchange rate changes on cash and cash equivalents
(22
)
8
(30
)
(28
)
Increase (decrease) in cash, cash equivalents and
restricted cash
73
137
(65
)
(85
)
Cash, cash equivalents and restricted cash at beginning of
period
348
349
486
571
Cash, cash equivalents and restricted cash at end of
period
$
421
$
486
$
421
$
486
Supplemental cash flow disclosure: Non-cash
investing and financing activities: Assets acquired by finance
leases
$
4
$
10
$
29
$
90
Assets acquired by operating leases
$
4
$
-
$
5
$
6
Schedule D
TERADATA CORPORATION CONDENSED CONSOLIDATED
STATEMENTS OF OPERATIONS (in millions - unaudited)
For the Three Months Ended
December 31
For the Twelve Months Ended
December 31
2024
2023
% Change As Reported
% Change Constant Currency
(2)
2024
2023
% Change As Reported
% Change Constant Currency
(2)
Segment Revenue Product Sales
$
354
$
384
(8
%)
(6
%)
$
1,502
$
1,537
(2
%)
(1
%)
Consulting Services
55
73
(25
%)
(21
%)
248
296
(16
%)
(13
%)
Total segment revenue
409
457
(11
%)
(9
%)
1,750
1,833
(5
%)
(3
%)
Segment gross profit Product Sales
244
271
1,049
1,091
% of Revenue
68.9
%
70.6
%
69.8
%
71.0
%
Consulting Services
5
12
31
42
% of Revenue
9.1
%
16.4
%
12.5
%
14.2
%
Total segment gross profit
249
283
1,080
1,133
% of Revenue
60.9
%
61.9
%
61.7
%
61.8
%
Reconciling items(1)
(6
)
(5
)
(22
)
(18
)
Total gross profit
$
243
$
278
$
1,058
$
1,115
% of Revenue
59.4
%
60.8
%
60.5
%
60.8
%
(1)
Reconciling items include
stock-based compensation, amortization of acquisition-related
intangible assets and acquisition, integration and
reorganization-related items.
(2)
The impact of currency is
determined by calculating the prior period results using the
current-year monthly average currency rates.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20250207306941/en/
INVESTOR CONTACT Chad Bennett chad.bennett@teradata.com
MEDIA CONTACT Jennifer Donahue jennifer.donahue@teradata.com
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