Teradata reported fourth quarter 2024 financial results, with total revenue of $409 million, a 10.5% decrease year-over-year. The company's non-GAAP diluted earnings per share (EPS) for Q4 2024 was $0.53, surpassing analyst consensus estimates of $0.43 per share.
For the full year 2024, Teradata's total revenue was $1.75 billion, down 4.5% from FY 2023. The company's Public Cloud Annual Recurring Revenue (ARR) continued to grow, reaching $606 million, an increase of 16% year-over-year in constant currency.
Teradata provided its outlook for the first quarter of 2025, projecting non-GAAP diluted EPS in the range of $0.37 to $0.41. The company also issued full-year 2025 guidance, anticipating Cloud ARR growth between 14% and 18% year-over-year in constant currency, and total ARR growth to be flat to 2% year-over-year in constant currency.
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