April 22, 2021 — Teradata Corporation (NYSE: TDC) announced preliminary financial results for its first quarter of fiscal 2021 ended March 31, 2021. Teradata also announced that it will release full financial results for the first quarter of fiscal 2021 after the market closes on Thursday, May 6, 2021.
Preliminary Financial Results for First Quarter of Fiscal Year 2021
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 cloud ARR growth, as follows:
During the first quarter of fiscal 2021, the Company performed strongly across all its revenue categories, resulting in total revenues being comparable to the fourth quarter of fiscal 2020, rather than lower on a sequential basis but higher than the prior year period per the previous guidance. In addition, the Company experienced strong gross margin performance. These results, combined with Teradata’s focus on operating expenses, delivered the Company’s strong earnings performance.
In addition, while Teradata did not provide guidance for first quarter fiscal 2021 cash flow from operations or free cash flow, the Company anticipates reporting first quarter fiscal 2021 cash flow from operations of at least $105 million, less capital expenditures and additions to capitalized software of approximately $5 million to arrive at first quarter fiscal 2021 free cash flow of at least $100 million, due to the business performance cited above.
Teradata (NYSE: TDC) is the connected multi-cloud data platform for enterprise analytics, solving data challenges from start to scale. We help businesses unlock value by turning data into their greatest asset. See how at teradata.com.