Dec 07, 2023 / 05:15PM GMT
Raimo Lenschow - Barclays Bank PLC, Research Division - MD & Analyst
Welcome to our next session. I'm really happy to have Claire here from Teradata. It's funny like because you're on-cycle. I kind of always start our conversation with like a lot of stuff happened over the last few weeks. And remember, when you guys were reporting on-cycle, I was like, "Oh my God. Now the off-cycle guys are reporting they're on-cycle. Oh my God, we're recovering. Everything's great again." Which kind of might not be fully true.
Like -- but to get everyone back on the same page, just maybe talk a little bit the highlights from Q3, and then we kind of take it from there.
Claire Bramley - Teradata Corporation - CFO
Yes, Q3 was a strong quarter for us, we saw 11% total ARR growth, so double-digit total growth. With saw 63% cloud ARR growth. We saw our net expansion rate increase 123%. And also repurchased $140 million of shares. So it was a strong financial quarter for us.
In addition though to the financials, we had a big quarter from an innovation standpoint
Teradata Corp at Barclays Global Technology Conference Transcript
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