Teradata reports Q2 EPS 47c, consensus 40c

Reports Q2 revenue $408M, consensus $399.66M. The company said, “Teradata (TDC) executed well in Q2, building on our cloud growth and longstanding strength in on-prem to provide customers with their preferred hybrid data and analytics environments for implementing AI. In the second quarter, we finished above the high-end of our recurring revenue outlook range, at the top end of our total revenue range, and EPS outperformed our expectations. Our extensive capabilities position us well as we build the modern data platforms customers need to manage the high quality, well-governed and trusted data foundations that deliver successful AI outcomes.”