Teradata stock jumps as Q2 results top expectations, raises year profit view

: Written by: ZDNet; Category: News; Published: 05 August 2021; Hits: 339

HTTP/2 200 content-security-policy: frame-ancestors 'self' *.zdnet.com *.ampproject.org *.amp.cloudflare.com; default-src https: blob: 'unsafe-inline' 'unsafe-eval' data:; font-src https: blob: data:; img-src https: data: android-webview-video-poster: blob:; form-action https:; block-all-mixed-content; media-src https: blob: data:; content-type: text/html; charset=UTF-8 expect-ct: max-age=0, report-uri="https://7a8f8748a40805618a61b617481a6ebc.report-uri.com/r/d/ct/reportOnly" link: ; rel="preload"; as="script"; nopush,; rel="preload"; as="script"; nopush,; rel="preload"; as="script"; nopush referrer-policy: no-referrer-when-downgrade x-content-type-options: nosniff x-frame-options: SAMEORIGIN x-tx-id: 8a3b2c87-3cb0-4978-8147-3fbe8a15b9f6 x-xss-protection: 1; mode=block set-cookie: nemo_highlander=a_preload:1:a; expires=Thu, 19-Aug-2021 14:00:00 GMT; path=/; domain=.zdnet.com; secure date: Thu, 05 Aug 2021 20:37:52 GMT via: 1.1 varnish cache-control: max-age=5400, private expires: Thu, 05 Aug 2021 22:06:52 GMT set-cookie: fly_geo={"countryCode": "us"}; max-age=604800; path=/; domain=.zdnet.com; Secure; set-cookie: fly_device=desktop; max-age=604800; path=/; domain=.zdnet.com; Secure; set-cookie: fly_preferred_edition=us; path=/; domain=.zdnet.com; Secure; set-cookie: fly_default_edition=us; path=/; domain=.zdnet.com; Secure; strict-transport-security: max-age=63072000; includeSubDomains; preload accept-ranges: bytes vary: Accept-Encoding, User-Agent content-length: 458712 Teradata stock jumps as Q2 results top expectations, raises year profit view | ZDNet

Edition: ^[1]

As in past quarters, the move of its customers to cloud featured in a big way for Teradata.

Venerable Big Data company Teradata this afternoon reported Q2 revenue and profit that both topped Wall Street's expectations, and hiked its year profit outlook above Wall Street consensus as well.

The report sent Teradata shares up 5% in late trading.

CEO Steve McMillan noted that the company "delivered year-over-year growth in Q2 '21 across key metrics including public cloud ARR, recurring revenue, profitability and free cash flow.

Added McMillan, "We are executing on our cloud-first plan, winning new customers and expanding existing customers as we build on our position as the connected multi-cloud data platform for enterprise analytics.

"Our unrivalled [sic] data management capabilities across multi-cloud and on-premises environments are what customers need today, and we are continuously innovating to address tomorrow's needs. Taken together, we are confident in our strategy for profitable growth as we continue to generate significant shareholder value."

Revenue in the three

Synaptic Web News

Teradata stock jumps as Q2 results top expectations, raises year profit view