Q1 2025 Teradata Corp Earnings Call Transcript
Key Points
- Teradata Corp (TDC) reported a 16% year-on-year increase in public cloud ARR, reaching $606 million.
- The company achieved a non-GAAP EPS of $0.66, marking a 16% increase year-on-year.
- Teradata Corp (TDC) maintained a strong focus on execution, benefiting from actions initiated in the previous year.
- The company introduced Teradata Enterprise Vector Store, enhancing its capabilities in AI and analytics.
- Teradata Corp (TDC) was recognized as a leader in the Forrester Wave on data management for analytics platforms.
- Total ARR declined by 2% year-over-year on a constant currency basis.
- First quarter recurring revenue was down 8% year-over-year as reported.
- Total revenue for the first quarter was down 10% year-over-year as reported.
- The services business continues to be impacted by lower bookings in the second half of 2024.
- The company anticipates a significant sequential decline in non-GAAP EPS for the second quarter.
Good afternoon. My name is Carl and I will be your conference operator today. At this time, I would like to welcome everyone to the Teradata first quarter 2025 earnings call. (Operator Instructions)
I would like to hand the conference over to your host today, Chad Bennett, Senior Vice President of Investor Relations and Corporate Development. You now may begin.
Good afternoon, and welcome to Teradataâs first quarter 2025 earnings call. Steve McMillan, Teradataâs President and Chief Executive Officer will lead our call today followed by Sumeet Arora, Teradataâs Chief Product Officer, and then Charles Smotherman, Teradataâs Interim Chief Financial Officer, who will discuss our financial results and outlook.
Our discussion today includes forecasts and other information that are considered forward-looking statements. While these statements reflect our current outlook, they are subject to a number of risks and uncertainties that could cause actual
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