Learn more at Teradata.com. Why it's an acquisition target: Coupa would be an interesting acquisition for a private-equity firm because "back-office software vendors" are in high demand, RBC analysts wrote. But Oracle would also make sense, especially given that Larry Ellison, the founder and CTO of Oracle, was very vocal about supporting Zoom during its pandemic boom and privacy-and-security issues, the analysts wrote. "SMAR could replace MSFT's legacy solution, Microsoft Project, though we acknowledge MSFT has been able to organically build Teams and could look to continue to build rather than buy in this space," the analysts wrote. For the year, Teradata grew its sales 4% to $1.9 billion (but with 12% growth in recurring revenue), added 640 basis points to its gross margin (now 61.9%), and reported $1.30 per share -- GAAP -- on the bottom line. Continuing the good news, CEO Steve McMillan predicted that "the strength of our performance in 2021 is matched by our conviction to continue accelerating in 2022." GAAP diluted EPS is expected to be in the range of $0.75 to $0.85. As a result of these adjustments, the Companys non-GAAP effective tax rate for the three months ended December 31, 2021 was 21% and December 31, 2020 was 26.3%. Only Teradata gives you the flexibility to handle the massive and mixed data workloads of the future, today. Support for Teradata's American hardware customers was transferred to IBM's mainframe hardware support teams on 1 July. They're both ruinously complicated, but there is no crossover at all," one source said. The attack went undetected for months, according to a Reuters report. UPDATE: Needham & Company Upgrades Teradata (TDC) to Buy The company faced an activist investor in 2021 who wanted to replace the board and push for higher growth rates, and there were rumors it was pursuing a sale amid the pressure. What it does: Zoom makes video-conferencing tools, including video chat, cloud-phone services, and video software for conference rooms. Reaffirms Fiscal 2021 Financial Outlook. Our enterprise analytics solve business challenges from start to scale. San Diego, CA 92127, investor.relations@teradata.com endstream endobj 10088 0 obj <>/Metadata 138 0 R/Outlines 150 0 R/Pages 10083 0 R/StructTreeRoot 167 0 R/Type/Catalog>> endobj 10089 0 obj <>/ExtGState<>/Font<>/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 10090 0 obj <>stream The following tables reconcile Teradatas actual and projected results and EPS under GAAP to the Companys actual and projected non-GAAP results and EPS for the periods presented, which exclude certain specified items. To make the world smarter, happier, and richer. However, they think the overall market for IT-service management will consolidate over time, and N-Able is one company that a private-equity firm could acquire as part of that trend. CONDENSED CONSOLIDATED STATEMENTS OF INCOME, (in millions, except per share amounts - unaudited), CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS, CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS. The following tables reconcile Teradatas actual and projected results and EPS under GAAP to the Companys actual and projected non-GAAP results and EPS for the periods presented, which exclude certain specified items. Reconciling items include stock-based compensation, capitalized software, amortization of acquisition-related intangible assets and acquisition, integration and reorganization-related items. Teradata Vantage is a legacy system used by many large organizations and corporates for storing data and providing it to end users. They said it could be acquired by a private-equity firm or another cloud vendor. Why Teradata Stock Fell Sharply on Friday, Teradata Corporation (TDC) Q3 2021 Earnings Call Transcript, Teradata Corporation (TDC) Q2 2021 Earnings Call Transcript, U.S. Money Supply Is Doing Something It Hasn't Done in 90 Years, and It May Signal a Big Move for Stocks, Why I Refuse to Chase the Maximum Social Security Benefit, 1 Trillion-Dollar Growth Stock Down 28% You'll Regret Not Buying on the Dip, A Bull Market Is Coming: 3 Stocks to Buy Without Hesitation, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. %PDF-1.6 % "2021 was an impressive year for Teradata. 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, will, would, likely, intend, potential, or similar expressions. 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. hX[o+|LP}"/MbNi As for the outsourcing agreement, the contract will likely reside within IBM Global Services, the part of the organisation that is being spun out into a separately listed public entity known as Kyndryl. Jennifer Donahue What it does: SolarWinds is an IT management software firm that makes tools to help companies manage their networks, systems, and IT infrastructure. 1. GAAP diluted EPS is expected to be in the range of $0.35 to $0.39. Cash provided by operating activities (GAAP). To ensure the most secure and best overall experience on our website, we recommend the latest versions of, Perpetual software licenses, hardware and other, Selling, general and administrative expenses, Right of use assets - operating lease, net, Current portion of finance lease liability, Current portion of operating lease liability, Pension and other postemployment plan liabilities. Forward-looking statements generally relate to opinions, beliefs, and projections of expected future financial and operating performance, business trends, and market conditions, among other things. 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. Overall, Teradata expects public cloud ARR to increase by at least 165% year-over-year in Q1 2021 and expects to at least double ARR year-over-year for 2021. Is this step a sign of an IBM takeover? About Teradata I am proud of our teams steadfast focus on execution and operational excellence that enabled us to meet or beat every element of our annual outlook, said Steve McMillan, President and CEO, Teradata. Read Full Review 5.0 Feb 2, 2023 Review Source: Product: Teradata Vantage Perspective by experience. However, Box ended up getting an investment from the private-equity firm KKR that halted rumors of a sale and subsequently saw higher growth rates. "Over the course of the last year, we have embarked on a journey to cloud-first and today . Learn more at Teradata.com. 17095 Via Del Campo All of which positions us to achieve over $1 billion in Cloud ARR(1) and approximately $550 million in free cash flow(2) in fiscal 2025 and deliver significant long-term value to our shareholders.. In this environment, analysts and experts expect to see more consolidation and say that larger players will seize the moment to acquire new tools at a good price. 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. What it does: New Relic makes cloud-based software to help websites and applications track how their servers are performing and make sure they're running without interruptions. What it does: Qualys is a cybersecurity company and makes software for cloud security, compliance, and vulnerability-management solutions. The company started as a file-sharing service and has since added capabilities like document collaboration and e-signatures. 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 Companys website at investor.teradata.com. Why it's an acquisition target: Zoom saw huge growth during the early days of the pandemic due to the sudden shift to remote work, but since the beginning of this year, its stock has fallen back to pre-2020 levels. Teradata also today reaffirmed its outlook for fiscal 2021, which was previously provided in its second-quarter 2021 financial results press release issued on August 5, 2021: To access the replay of todays virtual Investor Day event and presentation materials, visit the investor relations page of Teradatas website at https://investor.teradata.com. BP, ADNOC Offer to Buy Half of Israel's NewMed Energy. 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 Companys website at investor.teradata.com. Teradata has invested in multiple sectors such as MarketingTech, Big Data Infrastructure, AdTech and more. Telephone: 858-485-2088, Teradata Reports Fourth-Quarter and Full-Year 2021 Financial Results, https://www.businesswire.com/news/home/20220204005518/en/, Perpetual software licenses, hardware and other, Selling, general and administrative expenses, Right of use assets - operating lease, net, Current portion of finance lease liability, Current portion of operating lease liability, Pension and other postemployment plan liabilities. However, as described below, the Company believes that certain non-GAAP measures such as non-GAAP earnings per diluted share, or EPS, and non-GAAP operating margin, which exclude certain items (as well as free cash flow) are useful for investors. 858-485-2523 office 2011. For the twelve months ended December 31, the Companys non-GAAP effective tax rate was 22.4% for 2021 and 23.2% for 2020. Only Teradata gives you the flexibility to handle the massive and mixed data workloads of the future, today. Teradata defines free cash flow as cash provided by / used in operating activities, less capital expenditures for property and equipment, and additions to capitalized software. 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. The Companys GAAP effective tax rate for the twelve months ended December 31, 2020, includes $156 million of discrete tax benefit related to an intra-entity asset transfer of certain of its intellectual property to one of its Irish subsidiaries, which occurred on January 1, 2020. Free cash flow does not represent the residual cash flow available for discretionary expenditures since there may be other nondiscretionary expenditures that are not deducted from the measure. However, RBC analysts note that an acquisition would be difficult given some of the company's bylaws and shareholder agreements. For the first quarter of fiscal 2021, Teradata currently expects to exceed its guidance provided on February 4, 2021 for GAAP earnings per diluted share, Non-GAAP earnings per diluted share, and public . ARR does not include managed services and third-party software. RBC analysts wrote that New Relic has long been an acquisition target and that going public would be beneficial for the business in the long-term. What happened was that foreign hackers, who some top US officials believe are from Russia, were able to use the hack to spy on private companies like the elite cybersecurity firm FireEye and the upper echelons of the US government, including the Department of Homeland Security and the Treasury Department. Company Mergers, Acquisitions, & JVs; . Teradata Highlights its New Strategy and Plan to Deliver Sustainable Large companies look to score tools at a discount while private-equity firms also eye takeovers. The strength of our performance in 2021 is matched by our conviction to continue accelerating in 2022. Zendesk, which offers customer-service software, was also taken private for $10.2 billion by an investor group, which Hellman & Friedman and Permira led. Fellow workers are not helpful, and the environment is not a collaborative, innovative, team oriented environment. Forward-looking statements in this release include our 2022 first quarter and full year financial guidance and share repurchase plans. Teradata filed a carry back of its 2020 NOL to claim a refund for taxes it paid in 2015, which created a one-time income tax benefit for GAAP reporting purposes for the difference between the 2015 federal statutory tax rate of 35% and the current federal statutory rate of 21%. The impact of currency is determined by calculating the prior period results using the current-year monthly average currency rates. Why it's an acquisition target: Companies like Yelp, Ticketmaster, Stripe, and Github use Fastly's technology. The Company believes such non-GAAP financial measures (1) provide useful information to investors regarding the underlying business trends and performance of the Companys 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 Companys 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. 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. hbbd``b` @d@nig7 A,) SG $cD7,#&0 @L X Big Blue itself responded to us by saying we needed to ask Teradata for comment. Each of our non-GAAP measures do not have a uniform definition under GAAP and therefore, Teradatas definition may differ from other companies definitions of these measures. 2. A conference call is scheduled for today at 2:00 p.m. PT to discuss the Companys fourth-quarter and full-year 2021 results, and provide a business and financial update. 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. View source version on businesswire.com: Why it's an acquisition target: Couchbase went public in 2021 and has since been pivoting to offer a fully cloud-hosted database. In addition, the Company recorded a $2 million discrete tax benefit in the third quarter of 2021 for GAAP purposes resulting from a provision to return true up to the Companys net operating loss upon completion of its 2020 US federal income tax return and its NOL carryback claim afforded by the CARES Act of 2020. This is an increase from at least 70% growth year-over-year, which was previously communicated at Teradatas Investor Day in September 2021. Only Teradata gives you the flexibility to handle the massive and mixed data workloads of the future, today making your data easier to consume everywhere, with no added risk. News and Press Releases | Teradata For estimates of free cash flow for fiscal 2022 and fiscal 2025, Teradata is not providing a reconciliation to the most comparable GAAP measure (cash provided by operating activities estimate) as non-GAAP adjustments relate to events that have not yet occurred and would be unreasonably burdensome to forecast. Speaking to The Register earlier this year, Teradata CEO Steve McMillan argued the company's heritage in on-prem systems offers users the ability to optimise workloads in the cloud for cost. Public cloud ARR increased to $202 million from $106 million, an increase of 91% as reported and 92% in constant currency . Companies like Salesforce and Microsoft would benefit from buying Smartsheet and adding those capabilities to their platforms, the analysts wrote. This release contains forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934. Teradata Engaged Employer Overview 3.1K Reviews 168 Jobs 4.3K Salaries 533 Interviews 1.1K Benefits 37 Photos 887 Diversity + Add a Review Teradata Employee Reviews about "layoff" Updated Apr 27, 2023 Search Reviews Clear All Full-time, Part-time English Filter Found 93 of over 3K Sort Popular Popular COVID-19 Related Highest Rating Lowest Rating Public cloud ARR is expected to increase by approximately 80% year-over-year. Public cloud ARR increased by $79 million, or 176% from the prior year period, exceeding the outlook of at least 165% year-over-year (1) First-quarter recurring revenue of $372 million, an increase of 20% from the prior year period. We continue to demonstrate our commitment to deliver shareholder value through disciplined capital allocation, including our intention to enter into a $250 million accelerated share repurchase program in the first quarter, enabled by our strong balance sheet and projections of cash flow generation., Fourth-Quarter 2021 Financial Highlights Compared to Fourth-Quarter 2020, Full-Year 2021 Financial Highlights Compared to Full Year 2020. This release contains forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934. That's what sets it apart from more traditional database companies like Oracle. Now He's Its CEO Alex Woodie When Steve McMillan worked in IBM Global Services, he oversaw the outsourcing of nearly every major piece of a large global financial services firm's IT stack with Big Blue products. At the Investor Day event, Teradatas new leadership team outlined its three foundational cornerstones for long-term growth and value creation: Continued Strong Financial Performance Through Fiscal 2025 and Beyond. Each of our non-GAAP measures do not have a uniform definition under GAAP and therefore, Teradatas definition may differ from other companies definitions of these measures. We look forward to delivering ongoing innovation for our customers, maintaining our ethos of strong corporate citizenship, and driving profitable growth and long-term value creation for our shareholders., Teradata is raising its 2022 outlook for public cloud ARR and EPS, as well as increasing the return of capital to shareholders, said Claire Bramley, Chief Financial Officer, Teradata. "We still believe edge computing is a real opportunity and that FSLY has good technology, which could be attractive to an acquirer," RBC analysts wrote. Teradata Columnar, a transformative advance in database technology that fully integrates columnar and row-based tables, launches. Several deals have already made waves. 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. Teradata has made 12 acquisitions 0. In April, Thoma Bravo acquired SailPoint, an enterprise-security-software company, for about $6.9 billion. In a statement to The Register, the $1.8bn turnover [PDF] company said: "These agreements are always confidential, so all we can say in response to your questions is: Teradata has always been a customer-centric organization and that perspective is a key consideration for all business decisions. We delivered strong results, driving more than 90% growth in public cloud ARR and significantly growing new cloud customers. Acquisition, integration, reorganization related, and other costs, Amortization of acquisition-related intangible assets. Teradata reports its results in accordance with GAAP. Teradata Reports First Quarter 2021 Financial Results Heading into a new fiscal year, Teradata says revenue will again grow in the "flat-to-low-single-digit percentage" range in 2022, with public cloud revenue growing 80% and recurring revenue growing in the "low-to-mid-single" digits. This non-GAAP measure is not meant to be considered in isolation to, as a substitute 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. After going public in 2018, the company's growth has stagnated in recent years, and its software would likely grow faster as part of a larger platform, several analysts have said. "We wonder if Dropbox would be better off as part of a larger technology platform, given we believe content management could be more valuable once integrated and cross-sold with other collaboration solutions," RBC analysts wrote. Teradata Reports Third Quarter 2021 Financial Results The acquisition is a milestone in the execution of the Teradata world-class applications business. Teradata has acquired in 4 different US states, and 4 countries. What it does: Smartsheet is a project-management tool that allows people to collaborate and automate tasks using a spreadsheet format. https://www.businesswire.com/news/home/20220204005518/en/, INVESTOR CONTACT Who could acquire it: Another cloud or software company, or private equity. "A larger strategic vendor could deploy more capital than Couchbase could as an independent vendor to target a large and growing opportunity similar to MDB," RBC analysts wrote. Teradata (NYSE: TDC) today announced its fourth-quarter and full-year 2021 financial results. This includes machine upgrade and machine migration, as well as software support, such as upgrades or specific patches. However, as described below, the Company believes that certain non-GAAP measures such as non-GAAP gross profit, non-GAAP operating income, non-GAAP net income, and non-GAAP earnings per diluted share, or EPS, all of which exclude certain items (as well as free cash flow), and which may be reported on a constant currency basis, are useful for investors.

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