Teradata Corp Q2 2023 Earnings Call Summary - Thomson StreetEvents

Teradata Corp Q2 2023 Earnings Call Summary

Teradata Corp Q2 2023 Earnings Call Summary - Thomson StreetEvents
Teradata Corp Q2 2023 Earnings Call Summary
Published Aug 07, 2023
15 pages (8664 words) — Published Aug 07, 2023
Price US$ 54.00  |  Buy this Report Now

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Abstract:

Edited Brief of TDC.N earnings conference call or presentation 7-Aug-23 9:00pm GMT

  
Brief Excerpt:

...A. Teradata executed another very solid quarter in Q2 2023. B. In the second quarter, we accelerated total ARR growth increasing 10% year-on-year as the team executed well on a profitable growth cloud strategy. C. We brought in another quarter of strong growth with public cloud ARR growing 77% year-on-year. D. Our trailing 12-month cloud net expansion rate was 121% in Q2, up from 119% with large expansions coming from across various industry verticals, with financial services, health care and telecommunications leading the way. E. We delivered $462 million in total revenue in the second quarter, an increase of 10% year-over-year in constant currency. F. This quarter marks the first meaningful year-over-year total revenue growth at Teradata since Q2 2021, a key milestone enabled by our growing cloud business and its impact on total company results. G. This momentum, paired with our financial discipline, all led to our non-GAAP earnings per share of $0.48, beating the high end of our guidance...

  
Report Type:

Brief

Source:
Thomson StreetEvents
Company:
Teradata Corp
Ticker
TDC.N
Time
9:00pm GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Matthew George Hedberg - RBC Capital Markets, Research Division - Analyst : Steve, congrats on the quarter. I wanted to start with the cloud performance. We continue to deliver strong results there and seeing the acceleration in cloud, and ARR was great to 121%. I just wanted to double click on that and maybe get a better sense for some of the most important elements that are driving the success there. Obviously, I heard the comments about the second half on comps. But just wanted to kind of double click on some of the successes that you saw in Q2 there.

Question: Matthew George Hedberg - RBC Capital Markets, Research Division - Analyst : That's great to hear. Maybe then just as a follow-up. I think you went a couple of minutes in your prepared remarks where you mentioned gen AI, but obviously, that's a topic that every investor wants to hear about. I think I had some interesting comments there. I'm curious, do you foresee -- I guess the question really gets down to monetization. I mean, do you foresee an opportunity to articulate success there on the monetization and attribute some future growth to gen AI initiatives? Just sort of wondering on the actual monetization, if that would be helpful.

Table Of Contents

Teradata Corp at TD Cowen Technology, Media & Telecom Conference Summary – 2024-05-30 – US$ 54.00 – Edited Brief of TDC.N presentation 30-May-24 1:40pm GMT

Teradata Corp Q3 2023 Earnings Call Summary – 2023-11-06 – US$ 54.00 – Edited Brief of TDC.N earnings conference call or presentation 6-Nov-23 10:00pm GMT

Teradata Corp Q3 2023 Earnings Call Transcript – 2023-11-06 – US$ 54.00 – Edited Transcript of TDC.N earnings conference call or presentation 6-Nov-23 10:00pm GMT

Teradata Corp at Citi Global Technology Conference Transcript – 2023-09-06 – US$ 54.00 – Edited Transcript of TDC.N presentation 6-Sep-23 1:45pm GMT

Teradata Corp Q2 2023 Earnings Call Transcript – 2023-08-07 – US$ 54.00 – Edited Transcript of TDC.N earnings conference call or presentation 7-Aug-23 9:00pm GMT

Teradata Corp at Bank of America Global Technology Conference Summary – 2023-06-07 – US$ 54.00 – Edited Brief of TDC.N presentation 7-Jun-23 4:20pm GMT

Teradata Corp at Bank of America Global Technology Conference Transcript – 2023-06-07 – US$ 54.00 – Edited Transcript of TDC.N presentation 7-Jun-23 4:20pm GMT

Teradata Corp at TD Cowen Technology, Media & Telecom Conference Summary – 2023-06-01 – US$ 54.00 – Edited Brief of TDC.N presentation 1-Jun-23 1:40pm GMT

Teradata Corp at TD Cowen Technology, Media & Telecom Conference Transcript – 2023-06-01 – US$ 54.00 – Edited Transcript of TDC.N presentation 1-Jun-23 1:40pm GMT

Teradata Corp at JPMorgan Global Technology, Media and Communications Conference Transcript – 2023-05-24 – US$ 54.00 – Edited Transcript of TDC.N presentation 24-May-23 12:40pm GMT

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MLA:
Thomson StreetEvents. "Teradata Corp Q2 2023 Earnings Call Summary" Aug 07, 2023. Alacra Store. May 22, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2023-Teradata-Corp-Earnings-Call-B15662264>
  
APA:
Thomson StreetEvents. (2023). Teradata Corp Q2 2023 Earnings Call Summary Aug 07, 2023. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2023-Teradata-Corp-Earnings-Call-B15662264>
  
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