Teradata Corporation is a leading provider of data and analytics solutions that enable organizations to harness the power of their data to drive business intelligence and make informed decisions
The company specializes in advanced data management, analytics, and cloud-based services, offering a comprehensive platform that allows enterprises to integrate, analyze, and visualize vast amounts of data. Teradata's technology empowers businesses across various industries to optimize their operations, enhance customer experiences, and ultimately achieve better outcomes through data-driven insights.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the data infrastructure industry, including Teradata (NYSETDC) and its peers.
Teradata currently trades at $30.59 per share and has shown little upside over the past six months, posting a small loss of 3%. The stock also fell short of the S&P 500’s 8.1% gain during that period.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the data infrastructure industry, including Elastic (NYSEESTC) and its peers.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Confluent (NASDAQCFLT) and its peers.
Shares of data and analytics software provider Teradata (NYSETDC) fell 12.7% in the afternoon session after the company reported underwhelming third-quarter earnings. Revenue growth was flat, and ARR declined year on year, while the guidance for the next quarter implied further sales declines. Notably, Public cloud ARR growth was revised down to a range of 18% to 22% year-over-year (vs. previous est. of 28% to 32% growth). Teradata's EPS forecast for the next quarter also missed.
Data and analytics software provider Teradata (NYSETDC) beat Wall Street’s revenue expectations in Q3 CY2024, but sales were flat year on year at $440 million. Its non-GAAP profit of $0.69 per share was also 22.9% above analysts’ consensus estimates.
U.S. stock markets saw a strong recovery on Tuesday, with both the S&P 500 and the Nasdaq 100 climbing over 2%, nearly offsetting Monday’s losses. Investors took advantage of recent volatility to buy the dip, showing continued confidence in the U.S. economy’s ability to avoid a recession.
