Why Is Teradata (TDC) Down 2.6% Since Last Earnings Report?
Nasdaq It has been about a month since the last earnings report for Teradata (TDC). Shares have lost about 2.6% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Teradata due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.
Teradata Q2 Earnings Beat Estimates, Revenues Rise Y/Y
Teradata reported second-quarter 2023 non-GAAP earnings of 48 cents per share. Further, the bottom line increased 45.4% from the year-ago quarters figure.
Revenues of $462 million increased 7% year over year on a reported basis and 10% on a constant-currency (cc) basis.
The increase in the top line was attributed to increasing recurring, perpetual and consulting revenues. Also, strong momentum across the Americas and Europe, the Middle East & Africa (EMEA) was a plus.
Total annual recurring revenues (ARR) at the second quarters end increased 10% year over year to $1.523 billion. The figure increased by 9% on a cc basis.
