Data and analytics software provider Teradata (NYSE:TDC) fell short of analysts’ expectations in Q2 CY2024, with revenue down 5.6% year on year to $436 million. It made a non-GAAP profit of $0.64 per share, improving from its profit of $0.48 per share in the same quarter last year.
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Teradata (TDC) Q2 CY2024 Highlights:
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Revenue: $436 million vs analyst estimates of $447.3 million (2.5% miss)
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Adjusted Operating Income: $96 million vs analyst estimates of $73.23 million (31.1% beat)
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EPS (non-GAAP): $0.64 vs analyst estimates of $0.48 (33.5% beat)
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Gross Margin (GAAP): 60.8%, up from 59.7% in the same quarter last year
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Free Cash Flow of $39 million, up 85.7% from the previous quarter
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Annual Recurring Revenue: $1.47 billion at quarter end, down 3.8% year on year
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Billings: $389 million at quarter end, up 9%…
